Why am I passionate about this?
I grew up listening and participating in discussions about politics. These discussions often ended up on Economics – after all, “it’s the economy, stupid!”. Game theory, by being very broad and focused on strategic interactions, served as a very rewarding unifying apparatus for my understanding of Economics. It is also very beautiful and elegant, combining the austere beauty of pure mathematics with insights from elegant literature – I was pleased to cite Graham Green’s Our Man in Havana in a recent paper. It has accompanied me in a 20-year career since my PhD in Economics at the University of Minnesota to my current professorship in Economics at the University of Surrey.
Guilherme's book list on game theory
Why did Guilherme love this book?
Game theory has specialized in several topics; one of my favorites and one of the most important ones is repeated games since they describe and analyze the sort of ongoing relationships that most of us experience.
This book has it all: great examples and motivation, detailed and formal presentation of a very broad set of results.
1 author picked Repeated Games and Reputations as one of their favorite books, and they share why you should read it.
Personalized and continuing relationships play a central role in any society. Economists have built upon the theories of repeated games and reputations to make important advances in understanding such relationships. Repeated Games and Reputations begins with a careful development of the fundamental concepts in these theories, including the notions of a repeated game, strategy, and equilibrium. Mailath and Samuelson then present the classic folk theorem and
reputation results for games of perfect and imperfect public monitoring, with the benefit of the modern analytical tools of decomposability and self-generation. They also present more recent developments, including results beyond folk theorems and…