Publications

Educators

19 Oct 2017
Working Paper Summaries

Games of Threats

Keywords: by Elon Kohlberg and Abraham Neyman; Education

2014
Working Paper

The NTU-Value of Stochastic Games

By: Elon Kohlberg and Abraham Neyman

Since the seminal paper of Shapley, the theory of stochastic games has been developed in many different directions. However, there has been practically no work on the interplay between stochastic games and cooperative game theory. Our purpose here is to make a first... View Details

Keywords: Strategy; Game Theory

12 Jul 2016
News

Prof. Howard Raiffa, Giant in Game Theory and Decision Analysis, Dies at 92

Keywords: Managerial Economics

2017
Working Paper

Cooperative Strategic Games

By: Elon Kohlberg and Abraham Neyman

We examine a solution concept, called the “value," for n-person strategic games. In applications, the value provides an a-priori assessment of the monetary worth of a player's position in a strategic game, comprising not only the player's contribution to the total... View Details

Keywords: Game Theory

08 Apr 2015
Working Paper Summaries

The Cooperative Solution of Stochastic Games

Keywords: by Elon Kohlberg & Abraham Neyman

1999
Chapter

On the Role of Reinforcement Learning in Experimental Games: The Cognitive Game Theory Approach

By: Ido Erev and A. E. Roth

Keywords: Game Theory; Cognition and Thinking; Learning

April 1987 (Revised April 1992)
Background Note

Games of Strategy: An Introduction

An introduction to the formal analysis of strategic situations. Ideas of game trees, backwards induction, and dominated strategies are introduced. The methods of backwards induction to find optimal strategies is related to the method of successive eliminations of... View Details

Keywords: Strategy; Game Theory

Educators

Purchase

January 1982
Background Note

Constant Sum Games

By: Elon Kohlberg

Keywords: Game Theory

03 Mar 2017
Working Paper Summaries

Cooperative Strategic Games

Keywords: by Elon Kohlberg and Abraham Neyman; Education

2015
Working Paper

The Cooperative Solution of Stochastic Games

By: Elon Kohlberg and Abraham Neyman

Building on the work of Nash, Harsanyi, and Shapley, we define a cooperative solution for strategic games that takes account of both the competitive and the cooperative aspects of such games. We prove existence in the general (NTU) case and uniqueness in the TU... View Details

Keywords: Economics; Game Theory

01 Oct 1997
News

Theory & Practice

Whether or not game theory has applications for business strategy remains unclear - to date, empirical studies have been too limited to yield any definitive conclusions. In View Details

December 1984
Article

The Evolution of the Labor Market for Medical Interns and Residents: A Case Study in Game Theory

By: A. E. Roth

Keywords: Labor; Markets; Theory; Games, Gaming, and Gambling

Teaching Interest

Economics

Instructor, Harvard Kennedy School of Government, MPA Mid-Career Summer Program View Details

Keywords: Economics; Game Theory; Quantitative Analysis

2011
Working Paper

Better-reply Dynamics in Deferred Acceptance Games

In this paper we address the question of learning in a two-sided matching mechanism that utilizes the deferred acceptance algorithm. We consider a repeated matching game where at each period agents observe their match and have the opportunity to revise their strategy... View Details

Keywords: Learning; Marketplace Matching; Outcome or Result; Game Theory; Mathematical Methods; Strategy

24 Jul 2000
Research & Ideas

Value Maximization and Stakeholder Theory

communities, governmental officials, "and, under some interpretations, the environment, terrorists, blackmailers, and thieves.") But by failing to specify how managers should make the necessary tradeoffs among competing interests, writes Jensen, advocates of... View Details

Keywords: by Michael C. Jensen

2008
Working Paper

Gender in Job Negotiations: A Two-Level Game

By: Hannah Riley Bowles and Kathleen L. McGinn

We propose a two-level-game (Putnam, 1988) perspective on gender in job negotiations. At Level 1, candidates negotiate with the employers. At Level 2, candidates negotiate with domestic partners. In order to illuminate the interplay between these two levels, we review... View Details

Keywords: Negotiation; Jobs and Positions; Game Theory; Gender

1998
Chapter

Can Negotiators Outperform Game Theory?

By: M. H. Bazerman, R. Gibbons, L. Thompson and K. L. McGinn

Keywords: Negotiation Participants; Game Theory; Performance

29 Jun 2011
Working Paper Summaries

Better-reply Dynamics in Deferred Acceptance Games

Keywords: by Guillaume Haeringer & Hanna Halaburda

October 2009
Article

Negotiation Analysis: From Games to Inferences to Decisions to Deals

By: James K. Sebenius

Exemplified by the pioneering work of Howard Raiffa and often expressed in the pages of the Negotiation Journal, the emergent prescriptive field of "negotiation analysis" progressively developed from Raiffa's early contributions to game theory and to his later... View Details

Keywords: Decision Choices and Conditions; Negotiation Participants; Negotiation Preparation; Negotiation Process; Negotiation Tactics; Game Theory