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Hello Aluxers and welcome back to another great video brought to you by our team here at ALUX.com that will considerably improve the way you think,
the way you act and generally the quality of your life.
For those of you who are not familiar with this topic, game theory is the process of modeling strategic interactions between 2 or more players
in a situation containing a set of rules and outcomes.
Game Theory is mainly used as a tool within the study of economics, but it has other applications in a number of other disciplines.
The audience for game theory has grown dramatically in recent years,
and now spans disciplines as diverse as political science, biology, psychology, economics, linguistics, sociology, and computer science, among others.
So, let’s just jump straight in shall we, because we know that some of you are very eager to know which are the best books on game theory.
Here they are;
Essentials of game theory represents a brilliant introduction of game theory for readers of all fields.
It provides an unparalleled, focused explanation of how readers can start formulating ideas for their respective fields.
The book also encompasses the major classes of games, their representations and the main concepts used to analyze them,
focusing heavily on the key aspects of the games, and minimizing any unnecessary information.
Kent's and Devos' book represents a concise, gentle introduction to mathematics that will allow you to understand
how it can be adaptable to a variety of situations and a range of audiences.
Students, instructors and independent readers will appreciate the flexibility in content choices as well as the abundance of exercises.
The essential theme here is strategic reasoning which allows a dynamic range of both combinatorial and classical sides of game theory.
From evolutionary biology to Arrow's voting paradox, to cake cutting and a plethora of theorems,
you will find detailed accounts of all of these and more.
Here we have a beautifully written, informal piece of game theory introduction primarily applied to social sciences.
Games and Decisions has a lot of discussion and a dispersed amount of math all over, which covers a wide range of utility theory;
2 person zero-sum games, n-person games, decisions made under uncertainty, individual decision making, group decision making and plenty more.
It’s, honestly, more or less a bridge between formal thinking and natural thinking.
The bounds of reason is a book full of fascinating ideas that can be the basis for unifying biology,
political science, economics, anthropology and other behavioral sciences.
Although, it proves that game theory by itself cannot fully explain the behavior of humans
and should instead promote additional key concepts endorsed by behavioral disciplines.
Ginties argues that we live in a time where we have the resources to render the behavioral disciplines mutually coherent
and that it would be tremendously beneficial for us to do this for a better understanding of human behavior.
As game theory becomes more and more popular, so does the interest in further peeling the layers of how everything works.
The text that Dutta provides an ample analysis of dynamic strategic interaction,
which covers both a complete theoretical treatment of the subject and a variety of real-world applications,
mainly in economics, but also in law, business and political science.
To be fair, this is a pretty good all round explanation of game theory for beginners.
This is honestly one of the best game theory books on economics you’ll ever find out there.
It’s a cleverly written work of science that weaves together the biography of John von Neumann
and an a detailed exploration of game theory’s far-reaching influence on public policy in today’s world.
It’s important to know the historical roots of game theory for anyone interested in learning about it,
and prisoner’s dilemma is not only the ideal book for that but it’s the sharp story of a revolutionary idea
that has been considered a landmark in 20th-century thinking.
This author is a political scientist and a game theory master who shares his insights into human behavior to accurately predict
and even create political, financial and personal events.
He reveals the origins of game theory and the advances made by a famous predecessor of his, John Nash,
along with details of a system of calculation he created that allows anyone to think strategically about what their opponents want,
how much they want it and how they might react to every move.
The Predictioneer’s Game is quite a sharp and shockingly effectivity read that will change how you understand the world and manage your days to come.
You can find the book down in the description or if you head over to alux.com/freebook and sign up,
so you can get instant access to the audio version of it for free.
Thanks to our friends from audible.
Here’s a book that is quite special, not because it’s on game theory but because it was written by Alvin Roth,
who is a world-renowned expert on matching markets.
He was even designed some of them; including increasing the number of kidney transplants by better matching donors to patients
and the exchanges that sets medical students in residencies.
It’s a fascinating book that’ll show you how to recognize a good match in a certain market and make smarter, more confident decisions.
The author explains, here, many kinds of interactions between people, that have been revealed through an ample range of examples and applications.
In his book, Ken Binmore presents all the key concepts of game theory, and dives deep into the underlying issues that surround it.
And, just to give you a tip, if you’re interested in auctions and how they work,
playing for real has a section on auction theory that’s especially interesting.
The art of strategy is a great general overview of game theory and real-life applications.
It’s intended for those who want a better understanding of how to approach situations strategically,
and those who are interested in learning game theory and want to become proficient ad making good decisions in their everyday lives.
The whole book focuses on strategies that you can apply in your everyday life to maximize any outcome and structured into two parts.
The first focuses on basic game theory and applications of the prisoner’s dilemma to everyday affairs.
Whereas, the second part is dedicated to strategies for everyday problems, which can help you achieve optimal solutions.
And Aluxers, if you’re interested in optimizing your everyday life you might be interested in our video
15 Ways to SIMPLIFY YOUR LIFE, which you can watch by clicking or tapping in the top right corner.
In this delightful book, Schelling offers his model of racial segregation and a whole variety of other ideas.
He explains how seemingly insignificant decisions and actions by people can often lead to major unintended consequences for a sizeable group,
which in our day of age is more important to know than ever before.
This author is widely renowned for his remarkable work in game theory and complexity theory.
He wrote this book with a dual purpose in mind, dedicated especially for those of you who are interested in the problems of cooperation and complexity.
The first purpose of the book refers to the addition of complexity to the structure for studying cooperation.
By doing this, it allows the exploration of many fascinating and important features of competition and collaboration
that go beyond the prisoner’s dilemma paradigm.
The second purpose refers to the utilization of concepts and strategies that have come to be called complexity theory.
Here’s another incredibly useful book for anyone who’s already familiar with game theory,
but wishes to study it on a deeper level, and is especially focused on economics, political science, operations research and applied mathematics.
Myerson distills all the incredible advances made on the topic over the past 15 years,
shows an overview on decision theory, and comprehensively analyzes the development of the fundamental models.
In this masterpiece of a book on game theory, the author explains the groundbreaking idea that revolutionized economics
and established a brand new field of scientific inquiry.
Theory of games and economic behavior describes a lot of things about game theory which makes links and discoveries
between logical positivism, formal logic, choice sets, number theory, and binomial and multinomial outcomes.
This is a classic on game theory which is an ideal read for anyone interested in AI or machine learning
and the wide application of game theory to many aspects of our lives.
In this book, political scientist Robert Axelrod explores the question that is so much interested in today’s Darwinian world, where selfishness pays;
Why should we cooperate?!
The evolution of cooperation dives deep into an investigation of individuals who pursue their own self-interest
without any aid from a central authority that would force them to cooperate with each other.
This book is a necessary read for leaders and other decision-makers,
because it reveals how the principles of cooperation can help us think better about everything from family dynamics,
to political elections, to military strategies.
And Aluxers that's a wrap on our list of the best books on game theory.
A little knowledge heavy but well worth it.
But before clicking away to the next page answer us this question:
Let us know in the comments.
And, of course, for sticking with us until the end, here's your bonus:
Finite and infinite games offers 2 juxtaposed viewpoints on how you should live your life
regardless of the circumstances, you might have or actions that you might engage in.
It reveals how the world looks through the eyes of those who play with either the finite or infinite in mind,
deducing that what and how we play is solely our choice and our choice alone.
Finite games represent those races of everyday life; they are played to be won, which is when the ends.
But infinite games are more enchanting.
Their goal is not winning, but ensuring the continuous timeline of play.
Along the way, everything might change, from rules, to players, to boundaries, but if the continuation of the game is certain, anything is allowed.
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