Abstract
Game theory can quite generally be described as the study of multiperson decision problems. It is “concerned with the actions of decision makers who are conscious that their actions affect each other” (Rasmusen, 1995). Game theory is therefore suitable as a modelling tool for a large number of economic problems, among them decision problems on financial markets. In the following, let us characterize and explain the most basic game-theoretic terms, starting with the definition of games, players and strategies, continuing with a description of equilibrium concepts and closing with a differentiation between the most important types of information.
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© 2003 Springer-Verlag Berlin Heidelberg
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Metz, C.E. (2003). Game-Theoretic Preliminaries. In: Information Dissemination in Currency Crises. Lecture Notes in Economics and Mathematical Systems, vol 527. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-55471-1_4
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DOI: https://doi.org/10.1007/978-3-642-55471-1_4
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-00656-5
Online ISBN: 978-3-642-55471-1
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