Author: Joseph Harrington

Publisher: Macmillan

ISBN: 9780716766308

Category: Business & Economics

Page: 532

View: 8441

This book on game theory introduces and develops the key concepts with a minimum of mathematics. Students are presented with empirical evidence, anecdotes and strategic situations to help them apply theory and gain a genuine insight into human behaviour. The book provides a diverse collection of examples and scenarios from history, literature, sports, crime, theology, war, biology, and everyday life. These examples come with rich context that adds real-world meat to the skeleton of theory. Each chapter begins with a specific strategic situation and is followed with a systematic treatment that gradually builds understanding of the concept.
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Author: John McMillan

Publisher: Oxford University Press

ISBN: 9780195108033

Category: Business & Economics

Page: 252

View: 7616

This is a textbook on game theory for students of business and management, managerial economics, strategic analysis, negotiation, and microeconomics.
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Author: Edward C. Rosenthal, Ph.D.

Publisher: Penguin

ISBN: 1101478845

Category: Mathematics

Page: 384

View: 762

Gain some insight into the game of life... Game Theory means rigorous strategic thinking. It is based on the idea that everyone acts competitively and in his own best interest. With the help of mathematical models, it is possible to anticipate the actions of others in nearly all life's enterprises. This book includes down-to-earth examples and solutions, as well as charts and illustrations designed to help teach the concept. In The Complete Idiot's Guide® to Game Theory, Dr. Edward C. Rosenthal makes it easy to understand game theory with insights into: ? The history of the disciple made popular by John Nash, the mathematician dramatized in the film A Beautiful Mind ? The role of social behavior and psychology in this amazing discipline ? How important game theory has become in our society and why
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Options and Games

Author: Benoit Chevalier-Roignant,Lenos Trigeorgis,Avinash K. Dixit

Publisher: MIT Press

ISBN: 0262297833

Category: Business & Economics

Page: 516

View: 1246

Corporate managers who face both strategic uncertainty and market uncertainty confront a classic trade-off between commitment and flexibility. They can stake a claim by making a large capital investment today, influencing their rivals' behavior, or they can take a "wait and see" approach to avoid adverse market consequences tomorrow. In Competitive Strategy, Benoît Chevalier-Roignant and Lenos Trigeorgis describe an emerging paradigm that can quantify and balance commitment and flexibility, "option games," by which the decision-making approaches of real options and game theory can be combined. The authors first discuss prerequisite concepts and tools from basic game theory, industrial organization, and real options analysis, and then present the new approach in discrete time and later in continuous time. Their presentation of continuous-time option games is the first systematic coverage of the topic and fills a significant gap in the existing literature. Competitive Strategy provides a rigorous yet pragmatic and intuitive approach to strategy formulation. It synthesizes research in the areas of strategy, economics, and finance in a way that is accessible to readers not necessarily expert in the various fields involved.
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Organization, Planning, and Decision Making

Author: Steven Sinofsky,Marco Iansiti

Publisher: John Wiley & Sons

ISBN: 047059005X

Category: Business & Economics

Page: 288

View: 6840

Learn from the concepts, capabilities, processes, and behaviors that aligned around one strategy with the hard-won, first-person wisdom found in One Strategy. Challenging traditional views of strategy and operational execution, this book-written by Microsoft executive Steven Sinofsky with Harvard Business School professor Marco Iansiti-describes how you can drive innovation by connecting the potential of strategic opportunities to the impact of operational execution. Lessons from the unique combination of real-world experience managing a large scale organization with academic research in strategy and innovation Reveals what it takes to align a complex organization around one strategy, manage its execution, and reach for "strategic integrity" Written by Microsoft executive Steven Sinofsky with Harvard Business School professor Marco Iansiti-a combined forty years of management and research experience A unique perspective on strategy development, alignment, and execution Drawn from Sinofsky's internal Microsoft blog where he communicated some of the management processes the team put to work while developing a 4,000 person, multi-year project-Microsoft Windows 7-One Strategy shares the hard-won insights you can use to successfully make the leap from strategy to execution.
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An Introduction for Managers

Author: Anthony Kelly

Publisher: Cambridge University Press

ISBN: 9781139438131

Category: Business & Economics

Page: N.A

View: 7070

Game theory is a key element in most decision-making processes involving two or more people or organisations. This book explains how game theory can predict the outcome of complex decision-making processes, and how it can help you to improve your own negotiation and decision-making skills. It is grounded in well-established theory, yet the wide-ranging international examples used to illustrate its application offer a fresh approach to an essential weapon in the armoury of the informed manager. The book is accessibly written, explaining in simple terms the underlying mathematics behind games of skill, before moving on to more sophisticated topics such as zero-sum games, mixed-motive games, and multi-person games, coalitions and power. Clear examples and helpful diagrams are used throughout, and the mathematics is kept to a minimum. It is written for managers, students and decision makers in any field.
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Author: Mark L. Herman,Mark D. Frost

Publisher: McGraw Hill Professional

ISBN: 0071596895

Category: Business & Economics

Page: 320

View: 1146

If you had the opportunity to probe the future, make strategic choices, and view their consequences before making expensive and irretrievable decisions, wouldn't you take advantage of it? Of course you would. And in a world of asymmetrical conflict, security threats, intense global competition, and economic uncertainty, there is an even higher premium on road-testing plans and strategies--whether they're spearheaded by government organizations, transnational corporations, or emerging megacommunities. Wargaming for Leaders provides a methodology to get at the issues that one leader, no matter how visionary, cannot grasp on his or her own. How? By bringing together the real experts on the topic at hand to wage “cognitive warfare.” Through tapping the collective wisdom surrounding an issue, experts can experience the future in a risk-free environment and find answers to questions that had not been on their radar--often with unexpected and startling results. With examples from the fields of military, corporate, and public policy, three wargaming developers from Booz Allen Hamilton deliver compelling insights on this problem-solving method, including fascinating details on how A large equipment manufacturer determined whether making a merger was strategically right for its business growth, as well as which technology investments it needed to drop A four-star U.S. general tested his war plan for Iraq and uncovered specific fixes that might have prevented a prolonged conflict An increasingly clogged air-traffic system faced a security-versus-convenience issue determined whether military airspace could be used during peak demand periods Wargaming allows organizations of every type and every size to organize information, plot out scenarios, and tap into the collective expertise of participants. The results allow everyone to identify and tackle obstacles, solve problems, and find new ways to innovate and further performance goals. Get ready for the battle of your organizational life--and prepare to reap the spoils of victory.
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Author: Melvin Dresher

Publisher: Courier Corporation

ISBN: 0486150062

Category: Mathematics

Page: 208

View: 822

This text offers an exceptionally clear presentation of the mathematical theory of games of strategy and its applications to many fields including economics, military, business, and operations research.
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Strategies for Financial Risk, Capital Markets, and Monetary Policy

Author: John Silvia

Publisher: John Wiley & Sons

ISBN: 0470920513

Category: Business & Economics

Page: 400

View: 9908

A comprehensive analysis of the macroeconomic and financialforces altering the economic landscape Financial decision-making requires one to anticipate how theirdecision will not only affect their business, but also the economicenvironment. Unfortunately, all too often, both private and publicsector decision-makers view their decisions as one-off responsesand fail to see their decisions within the context of an evolvingdecision-making framework. In Decision-Making in a Dynamic Economic Setting, JohnSilvia, Chief Economist of Wells Fargo and one of the top 5economic forecasters according to Bloomberg News and USAToday, skillfully puts this discipline in perspective. Details realistic, decision-making approaches and applicationsunder a broad set of economic scenarios Analyzes monetary policy and addresses the impact of financialregulations Examines business cycles and how to identify economic trends,how to deal with uncertainty and manage risk, the building blocksof growth, and strategies for innovation Decision-Making in a Dynamic Economic Setting details thereal-world application of economic principles and financialstrategy in making better business decisions.
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Author: Martin J. Osborne,Ariel Rubinstein

Publisher: MIT Press

ISBN: 0262650401

Category: Business & Economics

Page: 352

View: 1180

Presents the main ideas of game theory at a level suitable for graduate students and advanced undergraduates, emphasizing the theory's foundations and interpretations of its basic concepts.
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Author: Zhigeng Fang,Sifeng Liu,Hongxing Shi,Yi Lin

Publisher: CRC Press

ISBN: 9781420087406

Category: Technology & Engineering

Page: 360

View: 6678

To make the best decisions, you need the best information. However, because most issues in game theory are grey, nearly all recent research has been carried out using a simplified method that considers grey systems as white ones. This often results in a forecasting function that is far from satisfactory when applied to many real situations. Grey Game Theory and Its Applications in Economic Decision Making introduces classic game theory into the realm of grey system theory with limited knowledge. The book resolves three theoretical issues: A game equilibrium of grey game A reasonable explanation for the equilibrium of a grey matrix of static nonmatrix game issues based on incomplete information The Centipede Game paradox, which has puzzled theory circles for a long time and greatly enriched and developed the core methods of subgame Nash perfect equilibrium analysis as a result The book establishes a grey matrix game model based on pure and mixed strategies. The author proposes the concepts of grey saddle points, grey mixed strategy solutions, and their corresponding structures and also puts forward the models and methods of risk measurement and evaluation of optimal grey strategies. He raises and solves the problems of grey matrix games. The book includes definitions of the test rules of information distortion experienced during calculation, the design of tokens based on new interval grey numbers, and new arithmetic laws to manipulate grey numbers. These features combine to provide a practical and efficient tool for forecasting real-life economic problems.
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Author: CTI Reviews

Publisher: Cram101 Textbook Reviews

ISBN: 1467281492

Category: Education

Page: 36

View: 6893

Facts101 is your complete guide to Games, Strategies and Decision Making. In this book, you will learn topics such as as those in your book plus much more. With key features such as key terms, people and places, Facts101 gives you all the information you need to prepare for your next exam. Our practice tests are specific to the textbook and we have designed tools to make the most of your limited study time.
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Interactive Strategies in Economics and Management

Author: Aviad Heifetz,Judith Yalon-Fortus

Publisher: Cambridge University Press

ISBN: 0521176042

Category: Business & Economics

Page: 448

View: 7177

"Social interaction is essential to human life. How do people choose what to do when they encounter one another? And how do organizations, firms or countries interact? Game Theory is a modeling tool designed to represent and analyze such strategic interaction. The first part of this book is devoted to introducing the basic building blocks of game theory. The parties to the interaction are called players, the courses of actions available to them are their strategies, and the payoffs of each player from the various profiles of strategies (of all players) represent the way each player ranks the possible outcomes of the interaction from her own individual point of view"--
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A Game Theorist's Guide to Success in Business & Life

Author: Avinash K. Dixit,Barry Nalebuff

Publisher: W. W. Norton & Company

ISBN: 9780393062434

Category: Business & Economics

Page: 483

View: 9607

The authors of Thinking Strategically demonstrate how to apply the principles in game theory to achieve greater personal and professional successes, drawing on a diverse array of case studies to explain how to develop a win-oriented way of seeing the world.
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Strategies that Win

Author: Alan Axelrod

Publisher: Sterling Publishing Company, Inc.

ISBN: 9781402754104

Category: Business & Economics

Page: 178

View: 3418

All games, RISK included, are matrices in which one decision affects another. Successful players visualize how each separate choice contributes to the entire strategy and fashion a winning game plan; they make smart tradeoffs and gambits, allocate scarce resources wisely and even sacrifice outright in order to win. Alan Axelrod--one of the world's great experts on decision-making--evaluates the decisions made by leaders in the realms of diplomacy, agriculture, economics, politics, war, business and technology. Some choices produced positive results, others negative and a few had mixed--even entirely unexpected--outcomes. Both the good and the bad are equally valuable instructional tools for those who want to master decision making in complex, high-stakes environments: the very world in which we all live, move and decide. RISK is a trademark of Hasbro and is used with permission.
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Author: Anna R. Karlin,Yuval Peres

Publisher: American Mathematical Soc.

ISBN: 1470419823

Category: Game theory

Page: 372

View: 6534

We live in a highly connected world with multiple self-interested agents interacting and myriad opportunities for conflict and cooperation. The goal of game theory is to understand these opportunities. This book presents a rigorous introduction to the mathematics of game theory without losing sight of the joy of the subject. This is done by focusing on theoretical highlights (e.g., at least six Nobel Prize winning results are developed from scratch) and by presenting exciting connections of game theory to other fields such as computer science (algorithmic game theory), economics (auctions and matching markets), social choice (voting theory), biology (signaling and evolutionary stability), and learning theory. Both classical topics, such as zero-sum games, and modern topics, such as sponsored search auctions, are covered. Along the way, beautiful mathematical tools used in game theory are introduced, including convexity, fixed-point theorems, and probabilistic arguments. The book is appropriate for a first course in game theory at either the undergraduate or graduate level, whether in mathematics, economics, computer science, or statistics. The importance of game-theoretic thinking transcends the academic setting—for every action we take, we must consider not only its direct effects, but also how it influences the incentives of others.
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Author: James D. Morrow

Publisher: N.A

ISBN: 9780691034300

Category: Philosophy

Page: 376

View: 3890

Game theory is the mathematical analysis of strategic interaction. In the fifty years since the appearance of von Neumann and Morgenstern's classic Theory of Games and Economic Behavior (Princeton, 1944), game theory has been widely applied to problems in economics. Until recently, however, its usefulness in political science has been underappreciated, in part because of the technical difficulty of the methods developed by economists. James Morrow's book is the first to provide a standard text adapting contemporary game theory to political analysis. It uses a minimum of mathematics to teach the essentials of game theory and contains problems and their solutions suitable for advanced undergraduate and graduate students in all branches of political science. Morrow begins with classical utility and game theory and ends with current research on repeated games and games of incomplete information. The book focuses on noncooperative game theory and its application to international relations, political economy, and American and comparative politics. Special attention is given to models of four topics: bargaining, legislative voting rules, voting in mass elections, and deterrence. An appendix reviews relevant mathematical techniques. Brief bibliographic essays at the end of each chapter suggest further readings, graded according to difficulty. This rigorous but accessible introduction to game theory will be of use not only to political scientists but also to psychologists, sociologists, and others in the social sciences.
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An Introduction to Classical and Evolutionary Models

Author: Stephen Schecter,Herbert Gintis

Publisher: Princeton University Press

ISBN: 1400880882

Category: Business & Economics

Page: 320

View: 1513

Game Theory in Action is a textbook about using game theory across a range of real-life scenarios. From traffic accidents to the sex lives of lizards, Stephen Schecter and Herbert Gintis show students how game theory can be applied in diverse areas including animal behavior, political science, and economics. The book's examples and problems look at such fascinating topics as crime-control strategies, climate-change negotiations, and the power of the Oracle at Delphi. The text includes a substantial treatment of evolutionary game theory, where strategies are not chosen through rational analysis, but emerge by virtue of being successful. This is the side of game theory that is most relevant to biology; it also helps to explain how human societies evolve. Aimed at students who have studied basic calculus and some differential equations, Game Theory in Action is the perfect way to learn the concepts and practical tools of game theory. Aimed at students who have studied calculus and some differential equations Examples are drawn from diverse scenarios, ranging from traffic accidents to the sex lives of lizards A substantial treatment of evolutionary game theory Useful problem sets at the end of each chapter
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How to Make Decisions

Author: Robert V. Dodge

Publisher: Oxford University Press

ISBN: 0199857210

Category: Business & Economics

Page: 304

View: 8807

Nobel Prize winner Thomas Schelling taught a course in game theory and rational choice to advanced students and government officials for 45 years. In this book, Robert Dodge provides in language for a broad audience the concepts that Schelling taught. Armed with Schelling's understanding of game theory methods and his approaches to problems, the general reader can improve daily decision making.
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