#2 in Game theory books
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Reddit mentions of Game Theory: A Nontechnical Introduction (Dover Books on Mathematics)
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Reddit mentions: 7
We found 7 Reddit mentions of Game Theory: A Nontechnical Introduction (Dover Books on Mathematics). Here are the top ones.
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Specs:
Height | 8.75 Inches |
Length | 5.5 Inches |
Number of items | 1 |
Release date | July 1997 |
Weight | 0.64 Pounds |
Width | 0.5 Inches |
>You are not ruining the economy by shopping there.
Well, yes, you are. Shopping at Wal-Mart is the same as defecting in the Prisoner's Dilemma problem, except with a gazillion players instead of two. By shopping there, you get some small gain for yourself at the expense of a net larger loss to the world at large (including you). It is pretty classic game theory.
Free markets in general are known to fail at that kind of choice: people tend to pick the path that yields personal short-term gain over collective benefit, even if the choice yields long-term ruin. In the case of environmental destruction, the costs are external to the system as a whole, and there are whole branches of economics discussing how to tweak the market to account for external costs of actions.
In the case of economic plundering (like Walmart engages in) the costs are internal to the eeconomy but are deferred and homogenized so that the cost to each individual isn't directly visible at the time of purchase -- one might call them "artificially externalized" costs.
Edit: I seem to be attracting a fair number of downvotes. I'll charitably assume they're not knee-jerk responses. Here are some some nice references: The Bully of Bentonville; Fishman's nice book on the Wal-Mart Effect; a nice documentary DVD; and Davis's fun pop-level introduction to game theory.
You are in a very special position right now where many interesing fields of mathematics are suddenly accessible to you. There are many directions you could head. If your experience is limited to calculus, some of these may look very strange indeed, and perhaps that is enticing. That was certainly the case for me.
Here are a few subject areas in which you may be interested. I'll link you to Dover books on the topics, which are always cheap and generally good.
Basically, don't limit yourself to the track you see before you. Explore and enjoy.
> Are there key ideas and considerations when working with particular game mechanics? Are there any critical questions I should be asking myself before the game starts? While its underway?
There is a whole field of study based around these questions. If you don't mind a little reading try looking into Game Theory.
game theory online course
non-poker non-technical game theory book
Obviously MoP and AoNLHE are better more relevant.
I disagree; I think there is a need to be a dick about it, because you wrote this:
>I feel like there’s a thread of Democrats who just don’t understand the Prisoner’s Dillema at all.
Not only does this comment carry a superior tone, it's also wrong. r/politics is full of amateurs--many of whom are teenagers--who think they're experts in law, politics, and economics. They all congratulate each other for "getting it" when there are people who actually study these things. It is the acme of ignorance.
Game theory is math-intensive, and there is probably no way around that once you get past the oversimplified models. But this book seems to give a reasonable explanation without being too rigorous [1]. I haven't read that one. But Fudenberg and Tirole's text on game theory is often considered the standard.
https://www.amazon.com/Game-Theory-Nontechnical-Introduction-Mathematics/dp/0486296725
Game Theory: A Nontechnical Introduction
I'm a Statistics student, so naturally, I love the idea of applying numbers and statistics to decision making. I find the book fascinating.
Game Theory: A Nontechnical Introduction might be a good place to get started.