Tomorrow, you will go to your boss and ask for a raise. You need at least $20 per hour to stay; your boss is unwilling to pay you any more than $50. You should reach an agreement-but will the wage be closer to $20 or $50?This is the essence of bargaining. Using the same crystal clear logic of the Game Theory 101 series, William Spaniel explains the sources of "bargaining power"-the strength that allows you to successfully demand wages closer to $50. In doing so, he uncovers the bargaining in everything, including car negotiations, Breaking Bad, Deal or No Deal, McDonald's Monopoly, sports free agency, cable companies, security deposits, war, diamond manufacturing, labor unions, government shutdowns, nuclear showdowns, price fixing, unemployment benefits, legal battles, and police pullovers. With bargaining so pervasive, this is one book you can't afford not to have.

Game Theory 101: The Complete Textbook is a no-nonsense, games-centered introduction to strategic form (matrix) and extensive form (game tree) games. From the first lesson to the last, this textbook introduces games of increasing complexity and then teaches the game theoretical tools necessary to solve them. Quick, efficient, and to the point, Game Theory 101: The Complete Textbook is perfect for introductory game theory, intermediate microeconomics, and political science.

William Spaniel, author of Game Theory 101: The Complete Textbook, returns with a compelling exploration of the origins of war. Using the same crystal clear logic of the Game Theory 101 series, he investigates important questions about war, including: Can two perfectly intelligent, perfectly unbiased leaders still send their countries to war with each other? Why has Iran taken its nuclear program underground (literally)? Why did the United States--the clear victors of the Spanish-American War--nevertheless write a check for more than $500 million to make Spain surrender? Why do most interstate wars end in peaceful compromise and not the military defeat of one side? Why do virtually all civil wars end the opposite way, and what makes the few peacefully settled civil wars different from the rest? How do nuclear weapons--humanity's deadliest creations--paradoxically keep the peace? Why is war the worst possible outcome of a crisis negotiation? What is the difference between preventive and preemptive war, and why on earth does the media use these terms interchangeably? Why are states as trustworthy as poker players at the bargaining table? Why do states willingly pick fights with stronger opponents and yet pacify weaker opponents? William Spaniel answers these questions by constructing game theoretical models of crisis bargaining. Fully illustrated, with more than 100 images, The Rationality of War will make you rethink everything you "know" about political violence. As consumers and producers of war, it is a must read for any citizen of a liberal democracy.

Graduate textbook presenting abstract models of bargaining in a unified framework with detailed applications involving economic, political and social situations.

This text bridges the gulf between theoretical economic principles of negotiation and auction theory and their multifaceted applications in actual practice. It is intended to be a supplement to the already existing literature, as a comprehensive collection of reports detailing experiences and results of very different negotiations and auctions.

This book provides a comprehensive picture of the new developments in bargaining theory.

The definitive introduction to game theory This comprehensive textbook introduces readers to the principal ideas and applications of game theory, in a style that combines rigor with accessibility. Steven Tadelis begins with a concise description of rational decision making, and goes on to discuss strategic and extensive form games with complete information, Bayesian games, and extensive form games with imperfect information. He covers a host of topics, including multistage and repeated games, bargaining theory, auctions, rent-seeking games, mechanism design, signaling games, reputation building, and information transmission games. Unlike other books on game theory, this one begins with the idea of rationality and explores its implications for multiperson decision problems through concepts like dominated strategies and rationalizability. Only then does it present the subject of Nash equilibrium and its derivatives. Game Theory is the ideal textbook for advanced undergraduate and beginning graduate students. Throughout, concepts and methods are explained using real-world examples backed by precise analytic material. The book features many important applications to economics and political science, as well as numerous exercises that focus on how to formalize informal situations and then analyze them. Introduces the core ideas and applications of game theory Covers static and dynamic games, with complete and incomplete information Features a variety of examples, applications, and exercises Topics include repeated games, bargaining, auctions, signaling, reputation, and information transmission Ideal for advanced undergraduate and beginning graduate students Complete solutions available to teachers and selected solutions available to students

This book presents the basics of game theory both on an undergraduate level and on a more advanced mathematical level. It covers topics of interest in game theory, including cooperative game theory. Every chapter includes a problem section.

This new edition is unparalleled in breadth of coverage, thoroughness of technical explanations and number of worked examples.

Gain some insight into the game of life... Game Theory means rigorous strategic thinking. It is based on the idea that everyone acts competitively and in his own best interest. With the help of mathematical models, it is possible to anticipate the actions of others in nearly all life's enterprises. This book includes down-to-earth examples and solutions, as well as charts and illustrations designed to help teach the concept. In The Complete Idiot's Guide® to Game Theory, Dr. Edward C. Rosenthal makes it easy to understand game theory with insights into: • The history of the discipline made popular by John Nash, the mathematician dramatized in the film A Beautiful Mind • The role of social behavior and psychology in this amazing discipline • How important game theory has become in our society and why