Book cover of Repeated Games and Reputations: Long-Run Relationships

Book description

Personalized and continuing relationships play a central role in any society. Economists have built upon the theories of repeated games and reputations to make important advances in understanding such relationships. Repeated Games and Reputations begins with a careful development of the fundamental concepts in these theories, including the notions of…

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Why read it?

1 author picked Repeated Games and Reputations as one of their favorite books. Why do they recommend it?

Game theory has specialized in several topics; one of my favorites and one of the most important ones is repeated games since they describe and analyze the sort of ongoing relationships that most of us experience.

This book has it all: great examples and motivation, detailed and formal presentation of a very broad set of results. 

From Guilherme's list on game theory.

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The lamps must be lit, or the stars die. The clocks must be wound, or Time ceases. The Balance between Order and Chaos must be preserved, or Existence crumbles.

Appointed the Steward of Evenmere, Carter Anderson must learn the…

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