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This is click bait for an economics geek. I was expecting to see some content on game theory, haha
Sorry about that! Took a few classes in college but looking to dive back into this, but hopefully the “clickbait” helps to get some responses. Maybe that was my intention after all.....
Haha. I took a class on it a long time ago but the only thing I remember is the prisoners dilemma
Does anyone remember the Lemons problem?
Read game theory by Dixit and Nalebuff. Probably the best intro to game theory topics (it covers a wide range of them) and from there you can read more on subjects you liked - ie auctions, adverse selection etc.
Will check this out, appreciate the recommendation.
Thank you for the recommendation
The Joy of Game Theory by Presh Talwakar
You want game theory without the math? Good luck finding a book like that...
I’m sure you’re really fun at parties man.... obviously I can go and pick up a text book and read through it. I’m looking for something a little bit more enjoyable, a leisurely read that I can figure out what specific topics interest me and then dive deeper.
Listen, idk why you want to learn Game Theory. But if you want to actually use it, there's 0 value in reading a book that's "dumbed down" so all the folks who went to business school can talk about it.
Game Theory is a study of decision making systems through rigorous mathematical language. The very notion of Nash equilibrium is defined as a mathematical optimization. If you want to learn about how to find out where that equilibrium (aka, the point you want to reach) point lies at, basic understanding of mathematical optimization - formulations and solution methodologies - is pretty much REQUIRED.
If you're gonna learn something don't half ass it. Also, don't buy a book. It's a complete waste of money. Read academic papers.
Quarantine must really be getting to you. Not really understanding the point in you lashing out?
It’s not “half-assing” anything.... if I want to read about something at a surface level before deciding to spend hours diving into it that’s on me. I would also argue that my approach is most appropriate for any subject matter.
Please tell me what exactly I would gather from going straight into academic papers on the matter? What foundation would I be building upon?
Why don’t you step down from your pedestal for a moment, put your high horse back in the stall and let other people learn the things they want instead of being so critical.
At the end of the day, you’ve provided ZERO value to this thread and instead have just come off like an ass. Try and get some fresh air today, it will do you some good, Pal.
i don't know why you got monkey shit thrown at you. What you're saying is correct. Game Theory was spurred from mathematicians and economists just further built upon it. Without math, economics is just a psychology/sociology degree.
And that is the point that I’m making.... what is wrong with wanting to understand the theory behind things before diving into the math?
A person can have a high level understanding of what a DCF Analysis is without knowing the calculations behind it.
Just watch a Beautiful Mind
Drama, I appreciate the support...... VICTORY!!!!
Watch the bar scene
interested too!
The Art of Strategy by Avinash Dixit.
Friend recommended this but have not read it. He is very critical of books so I trust his recommendation!
Another book...
Thinking Fast and Slow by Daniel Kahneman
"Kahneman is a psychologist who has won the Nobel Prize for Economics. He studied decision making throughout his career, dramatically influencing game theory, behavioral economics, finance, and the entire field of psychology. In this book he describes his research, which he performed with the late psychologist Amos Tversky, and it will make you forever change the way you think about your daily decisions. I cannot overstate how fascinating it is to read about the various biases and heuristics that all of our brains operate with."
I actually just bought The Art of Strategy, it came in yesterday. Will let you know what I think!
Thanks for the other recommendations as well!
Both good reads too! I believe I was thinking about the Art of Strategy when I referred to Dixit & Nalebuff above but whatever honestly all are good.
The Evolution of Cooperation - Robert Axelrod (no not that Bobby Axe) Prisoner's Dilemma - William Poundstone Two-Person Game Theory - Anatol Rapoport The Strategy of Conflict - Thomas C. Schelling Thinking Fast & Slow - Daniel Kahneman Game Theory for Applied Economics - Robert Gibbons
All of these are about 200-300 pages and are generally introductory/surface level. Thinking Fast & Slow, while not entirely Game Theory (more of an insight into human thought patterns) is probably the most entertaining and is a great book to talk about in a business setting as many people I have come across have either read or are atleast familiar with it.
Schelling is a good one, especially for Micro motives and macr behavior.
Re Thinking fast and slow it’s more behavioral economics
Noted on the above, thanks for the recommendations fellas.
Check out Thinking in Bets by Annie Duke, less about hardcore game theory and more about applying it to all aspects of daily life. Fantastic read.
Thanks, appreciate the input!
Check out https://fivebooks.com/best-books/ariel-rubinstein-on-game-theory/</a">the best 5 books on Game Theory, and the book https://www.amazon.com/Thinking-Strategically-Competitive-Business-Pape…</a">Thinking Strategically (a personal favorite).
Also... check out https://youtu.be/THNQE7fTMWM</a">The Problem With Game Theory – The Philosophy of Billions.
Thanks man, with all of the recommendations in this thread I’m going to have a ton to look at!
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