1st Edition

Game Theory and Society

By Weiying Zhang Copyright 2018
424 Pages 103 B/W Illustrations
by Routledge

424 Pages 103 B/W Illustrations
by Routledge

424 Pages 103 B/W Illustrations
by Routledge

The progress of society can only happen through interpersonal cooperation, because only cooperation can bring about mutual benefit, thus bringing happiness to each person. This should be our collective rationality, but we often see it conflicts with individual interests, which leads to the so-called "Prisoners’ Dilemma" and does not bring happiness to all. From a game theoretical perspective,... Read more

List of figures.  List of tables.  Foreword to the Chinese Edition  Chapter 1 Individual Rationality and Social Optimum  Chapter 2 The Nash Equilibrium and the Prisoners’ Dilemma Game  Chapter 3 Multiple Equilibriums, Institutions, and Cultures  Chapter 4 Threats and Commitments  Chapter 5 Bargaining and Patience  Chapter 6 Repeated Games and Cooperative Behavior  Chapter 7 Incomplete Information and Reputation  Chapter 8 Adverse Selection, Brands, and Regulation  Chapter 9 Signaling and Social Norms Chapter 10 Mechanism Design and Income Distribution  Chapter 11 Moral Hazard and Corruption Chapter 12 Evolutionary Games and the Spontaneous Order  Chapter 13 Laws and Social Norms  Chapter 14 Institutional Entrepreneurs and the Rules of the Game  References.  Index

Biography

Weiying Zhang is a Professor of economics at Peking University. His research interests include Applied Game Theory, information economics, corporate governance, Chinese economic development and reform.