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The Complete Idiot's Guide to Game Theory
book

The Complete Idiot's Guide to Game Theory

by Edward C. Rosenthal
March 2011
Beginner
384 pages
9h 1m
English
Alpha
Content preview from The Complete Idiot's Guide to Game Theory

Chapter6

Ignorance Is Not Bliss

In This Chapter

  • Revisiting imperfect information
  • Breaking through the fog of incomplete information
  • Dealing with private information
  • Incorporating states of nature

Sometimes in real life it’s convenient to deliberately avoid obtaining certain information before you make a decision. But for most decisions, including those in game theory, it is truly a handicap not to be as fully informed as possible. This chapter explores the many ways information can be limited and what such limitations mean when playing games.

Perfect and Imperfect Information

I pointed out in Chapter 1 that everyday games like chess and tic-tac-toe ...

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Publisher Resources

ISBN: 9781615640553