Re:A Brief Introduction to the Basics of Game Theory
by georgeglue1 on Monday October 19, 2020 @09:27PM
(#24833132)
Matt Jackson is one of the most respected game theorists at probably the best game theory department in the US.
His goal is just pretty different. He's presenting the mathematical / intuitive foundation that underly more advanced models (probably for the purposes of academic classes).
A lot of commonly understood stuff you mention (like reputation) is hard to define in the rational math of game theory, especially when you start layering real-world complexity like incomplete information.
See Kreps Milgrom Roberts Wilson (1981) for a fun example from two recent Nobel Prize winners on how hard this gets (and why it's useful to understand Matt Jackson's intro if you want to get into academic / theory stuff)
https://www.sciencedirect.com/science/article/pii/0022053182...
His goal is just pretty different. He's presenting the mathematical / intuitive foundation that underly more advanced models (probably for the purposes of academic classes).
A lot of commonly understood stuff you mention (like reputation) is hard to define in the rational math of game theory, especially when you start layering real-world complexity like incomplete information.
See Kreps Milgrom Roberts Wilson (1981) for a fun example from two recent Nobel Prize winners on how hard this gets (and why it's useful to understand Matt Jackson's intro if you want to get into academic / theory stuff) https://www.sciencedirect.com/science/article/pii/0022053182...