82:Tb84,

From the minds of renowned economists Avinash Dixit, Susan Skeath, and David McAdams comes the Sixth Edition of the most approachable game theory text, rooted in rigorous research and engaging examples. Assuming no prior knowledge of game theory—only a principles level of economic education—and exposure to only high-school level algebra, this book’s examples appeal to students of all different interests and experiences while maintaining an empirical approach. The new edition applies game theory to topics like digital currency and the politics of the war in Ukraine, and includes more thorough coverage of behavioral economics as well as new material on auction design.

83:T5ba,

Microeconomics - individuals' choices of where to live and work, how much to save, what to buy, and firms' decisions about location, hiring, firing, and investment - involves issues that concern us on a daily basis. But when people think about economics, they tend to place importance on the bigger picture - macroeconomics - including issues such as unemployment, inflation, and the competitiveness of nations. In this Very Short Introduction, Avinash Dixit argues that the microeconomy has a large impact on the economic world, arguably as much as the issues of macroeconomics. Dixit steers a clear path through the huge number of issues related to microeconomics, explaining what happens when things go well, as well as showing how they fail, why that happens, and what can be done about it. Using real-life examples from around the world, using the minimum of mathematics and including simple graphs, he provides insights into economics from psychology and sociology to explain economic behaviour and rational choice. An ideal introduction for anyone interested in business and economics.ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

84:T5e1,How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? Why have traditional economic models of investment failed to explain the behavior of investment spending in the United States and other countries? In this book, Avinash Dixit and Robert Pindyck provide the first detailed exposition of a new theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most investment decisions, and the ongoing uncertainty of the economic environment in which these decisions are made. In so doing, they answer important questions about investment decisions and the behavior of investment spending.

This new approach to investment recognizes the option value of waiting for better (but never complete) information. It exploits an analogy with the theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and extend the various strands of research that have come out of the theory. Their book shows the importance of the theory for understanding investment behavior of firms; develops the implications of this theory for industry dynamics and for government policy concerning investment; and shows how the theory can be applied to specific industries and to a wide variety of business problems.85:T681,Overview Now available in a Second Edition, Games of Strategy remains the most accessible principles-level text for courses in game theory, addressing a remarkably broad range of concepts in a narrative that is both clear and compelling. Using resonant real-world examples, the authors simplify difficult theoretic ideas, helping students see the value of strategic thinking in a variety of situations. The text has been carefully updated for this Second Edition, including thorough revisions of the sections on sequential- and simultaneous-move games and those on voting and auctioning. This is an inviting introduction to game theory, offering students an engaging, comprehensive view of the discipline without assuming a prior knowledge of economics or complex mathematics (uses only high school algebra). Additionally, instructors will find a variety of useful pedagogical tools in the accompanying Instructor’s Manual, including student exercises and suggested classroom games and experiments. Highlights *Designed for the Introductory Student -Games of Strategy is the only game theory text available that is designed for the introductory student. Norton has the 'optimal sequential strategy' for more advanced game theory courses. In addition to Games of Strategy, Norton publishes more advanced game theory texts. *Extensive Revision - Part Two has been completely revised for the Second Edition in order to streamline and focus the discussion to cover sequential- and simultaneous-move games. *Lively and Relevant Examples - Throughout the text, the authors use examples familiar to students to apply game theory, like pop culture, sports, politics, etc.3c:["$","$L7d",null,{"state":{"mutations":[],"queries":[{"dehydratedAt":1793841112716,"state":{"data":{"pages":[{"requestId":"6e235b67-e727-49c5-a59e-3ab894fb5e4c","total":{"value":15,"relation":"eq"},"rows":[{"entityType":"book","isbn":"9780393337174","id":146309,"score":2,"position":0,"book":{"id":146309,"isbn":"9780393337174","created":"2015-12-24T23:00:00.000Z","title":"The art of strategy : a game theorist's guide to success in business & life","description":"Game theory means rigorous strategic thinking. 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