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  2. Game theory - Wikipedia

    en.wikipedia.org/wiki/Game_theory

    A prototypical paper on game theory in economics begins by presenting a game that is an abstraction of a particular economic situation. One or more solution concepts are chosen, and the author demonstrates which strategy sets in the presented game are equilibria of the appropriate type.

  3. Big push model - Wikipedia

    en.wikipedia.org/wiki/Big_push_model

    The Quarterly Journal of Economics; P Krugman, 1992: Toward a counter-counterrevolution in development theory. Proceedings of the World Bank Annual Conference on Development Economics; K Matsuyama, 1992: The market size, Entrepreneurship, and the Big Push. Stanford; KM Murphy, A Shleifer, RW Vishny, 1989: Industrialization and the Big Push.

  4. List of types of equilibrium - Wikipedia

    en.wikipedia.org/wiki/List_of_types_of_equilibrium

    Competitive equilibrium, economic equilibrium when all buyers and sellers are small relative to the market; Economic equilibrium, a condition in economics; Equilibrium price, the price at which quantity supplied equals quantity demanded; General equilibrium theory, a branch of theoretical microeconomics that studies multiple individual markets

  5. Theory of Games and Economic Behavior - Wikipedia

    en.wikipedia.org/wiki/Theory_of_Games_and...

    Theory of Games and Economic Behavior, published in 1944 [1] by Princeton University Press, is a book by mathematician John von Neumann and economist Oskar Morgenstern which is considered the groundbreaking text that created the interdisciplinary research field of game theory.

  6. Focal point (game theory) - Wikipedia

    en.wikipedia.org/wiki/Focal_point_(game_theory)

    In game theory, a focal point (or Schelling point) is a solution that people tend to choose by default in the absence of communication in order to avoid coordination failure. [1] The concept was introduced by the American economist Thomas Schelling in his book The Strategy of Conflict (1960). [ 2 ]

  7. Behavioral game theory - Wikipedia

    en.wikipedia.org/wiki/Behavioral_game_theory

    Behavioral game theory seeks to examine how people's strategic decision-making behavior is shaped by social preferences, social utility and other psychological factors. [1] Behavioral game theory analyzes interactive strategic decisions and behavior using the methods of game theory, [2] experimental economics, and experimental psychology.

  8. Abstract economy - Wikipedia

    en.wikipedia.org/wiki/Abstract_economy

    In theoretical economics, an abstract economy (also called a generalized N-person game) is a model that generalizes both the standard model of an exchange economy in microeconomics, and the standard model of a game in game theory.

  9. Market game - Wikipedia

    en.wikipedia.org/wiki/Market_game

    In economic theory, a strategic market game, also known as a market game, is a game explaining price formation through game theory, typically implementing a general equilibrium outcome as a Nash equilibrium. Fundamentally in a strategic market game, markets work in a strategic way that does not (directly) involve price but can indirectly ...

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