Games, Strategies and Decision Making

Author: Joseph Harrington

Publisher: Macmillan

ISBN: 9780716766308

Category: Business & Economics

Page: 532

View: 3362

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.
Posted in Business & Economics

Games, Strategies, and Managers

Author: John McMillan

Publisher: Oxford University Press

ISBN: 9780195108033

Category: Business & Economics

Page: 252

View: 7930

This is a textbook on game theory for students of business and management, managerial economics, strategic analysis, negotiation, and microeconomics.
Posted in Business & Economics

One Strategy

Organization, Planning, and Decision Making

Author: Steven Sinofsky,Marco Iansiti

Publisher: John Wiley & Sons

ISBN: 047059005X

Category: Business & Economics

Page: 288

View: 1540

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.
Posted in Business & Economics

The Complete Idiot's Guide to Game Theory

Author: Edward C. Rosenthal, Ph.D.

Publisher: Penguin

ISBN: 1101478845

Category: Mathematics

Page: 384

View: 3174

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
Posted in Mathematics

Decision Making Using Game Theory

An Introduction for Managers

Author: Anthony Kelly

Publisher: Cambridge University Press

ISBN: 9781139438131

Category: Business & Economics

Page: N.A

View: 2467

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.
Posted in Business & Economics

Game Theory

An Introduction

Author: Steven Tadelis

Publisher: Princeton University Press

ISBN: 1400845955

Category: Business & Economics

Page: 416

View: 7608

This comprehensive textbook introduces readers to the principal ideas and applications of game theory, in a style that combines rigor with accessibility. Steven Tadelis begins with a concise description of rational decision making, and goes on to discuss strategic and extensive form games with complete information, Bayesian games, and extensive form games with imperfect information. He covers a host of topics, including multistage and repeated games, bargaining theory, auctions, rent-seeking games, mechanism design, signaling games, reputation building, and information transmission games. Unlike other books on game theory, this one begins with the idea of rationality and explores its implications for multiperson decision problems through concepts like dominated strategies and rationalizability. Only then does it present the subject of Nash equilibrium and its derivatives. Game Theory is the ideal textbook for advanced undergraduate and beginning graduate students. Throughout, concepts and methods are explained using real-world examples backed by precise analytic material. The book features many important applications to economics and political science, as well as numerous exercises that focus on how to formalize informal situations and then analyze them. Introduces the core ideas and applications of game theory Covers static and dynamic games, with complete and incomplete information Features a variety of examples, applications, and exercises Topics include repeated games, bargaining, auctions, signaling, reputation, and information transmission Ideal for advanced undergraduate and beginning graduate students Complete solutions available to teachers and selected solutions available to students
Posted in Business & Economics

The Mathematics of Games of Strategy

Author: Melvin Dresher

Publisher: Courier Corporation

ISBN: 0486150062

Category: Mathematics

Page: 208

View: 8355

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.
Posted in Mathematics

The Art of Strategy

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: 1740

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.
Posted in Business & Economics

A Course in Game Theory

Author: Martin J. Osborne,Ariel Rubinstein

Publisher: MIT Press

ISBN: 9780262650403

Category: Business & Economics

Page: 352

View: 8495

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.
Posted in Business & Economics

Game Theory

Interactive Strategies in Economics and Management

Author: Aviad Heifetz,Judith Yalon-Fortus

Publisher: Cambridge University Press

ISBN: 0521176042

Category: Business & Economics

Page: 448

View: 7531

"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"--
Posted in Business & Economics

RISK, the Decision Matrix

Strategies that Win

Author: Alan Axelrod

Publisher: Sterling Publishing Company, Inc.

ISBN: 9781402754104

Category: Business & Economics

Page: 178

View: 2802

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.
Posted in Business & Economics

Dynamic Economic Decision Making

Strategies for Financial Risk, Capital Markets, and Monetary Policy

Author: John Silvia

Publisher: John Wiley & Sons

ISBN: 0470920513

Category: Business & Economics

Page: 400

View: 1843

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.
Posted in Business & Economics

Game Theory, Alive

Author: Anna R. Karlin,Yuval Peres

Publisher: American Mathematical Soc.

ISBN: 1470419823

Category: Game theory

Page: 372

View: 6888

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.
Posted in Game theory

Gaming the Market

Applying Game Theory to Create Winning Trading Strategies

Author: Ronald B. Shelton

Publisher: John Wiley & Sons

ISBN: 9780471168133

Category: Business & Economics

Page: 210

View: 5480

Gaming the Market "Game theory is hot." —The Wall Street Journal Gaming the Market: Applying Game Theory to Create Winning Trading Strategies is the first book to show investors how game theory is applicable to decisions about buying and selling stocks, bonds, mutual funds, futures, and options. As a practical trading guide, Gaming the Market will help investors master this revolutionary approach, and employ it to their advantage. Although game theory has been studied since the 1940s, it has only recently been applied to the world of finance. Game theory champions garnered the 1994 Nobel Prize in Economics, and, today, this theory is used to analyze everything from the baseball strike to FCC auctions. Increasingly, game theory is making its mark as a potent tool for traders. In Gaming the Market, economist Ronald B. Shelton provides a model that enables traders to predict profitability and, as a result, make effective buy and sell decisions. Stated simply, game theory is the study of conflict based on a formal approach to decision making that views decisions as choices made in a game. Whether playing individually or in a group, each player in a conflict has more than one course of action available to him, and the outcome of the "game" depends on the interaction of the strategies pursued by each. Shelton offers real-world examples that reveal how the principles of game theory drive financial markets—and how these same principles can be used to develop winning investment strategies. Through Shelton’s organized and precise explanations—he uses familiar games such as chess and checkers to illustrate his points—readers gain a solid understanding of the key principles of game theory before applying them to actual financial market situations. Gaming the Market examines the interaction between price fluctuations and risk acceptance levels and gradually constructs a game theory model which proves that there are probability-based formulas for determining the profitability of any given trade. With appendixes on T-Bond futures, mathematical representations of the model, and QuickBasic code for calculating relative frequencies, Gaming the Market provides a thorough overview of the rules and strategies of game theory. This indispensable reference will prove invaluable to novice and seasoned players alike.
Posted in Business & Economics

Games, Strategies and Decision Making

Author: CTI Reviews

Publisher: Cram101 Textbook Reviews

ISBN: 1467281492

Category: Education

Page: 36

View: 8789

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.
Posted in Education

Game Theory for Political Scientists

Author: James D. Morrow

Publisher: N.A

ISBN: 9780691034300

Category: Philosophy

Page: 376

View: 1794

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.
Posted in Philosophy

Game Theory in Action

An Introduction to Classical and Evolutionary Models

Author: Stephen Schecter,Herbert Gintis

Publisher: Princeton University Press

ISBN: 1400880882

Category: Business & Economics

Page: 320

View: 7194

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
Posted in Business & Economics

Schelling's Game Theory

How to Make Decisions

Author: Robert V. Dodge

Publisher: Oxford University Press

ISBN: 0199857210

Category: Business & Economics

Page: 304

View: 4404

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.
Posted in Business & Economics

Strategic Investment

Real Options and Games

Author: Han T. J. Smit,Lenos Trigeorgis

Publisher: Princeton University Press

ISBN: 1400829399

Category: Business & Economics

Page: 504

View: 4307

Corporate finance and corporate strategy have long been seen as different sides of the same coin. Though both focus on the same broad problem, investment decision-making, the gap between the two sides--and between theory and practice--remains embarrassingly large. This book synthesizes cutting-edge developments in corporate finance and related fields--in particular, real options and game theory--to help bridge this gap. In clear, straightforward exposition and through numerous examples and applications from various industries, Han Smit and Lenos Trigeorgis set forth an extended valuation framework for competitive strategies. The book follows a problem-solving approach that synthesizes ideas from game theory, real options, and strategy. Thinking in terms of options-games can help managers address questions such as: When is it best to invest early to preempt competitive entry, and when to wait? Should a firm compete in R&D or adopt an accommodating stance? How does one value growth options or infrastructure investments? The authors provide a wide range of valuation examples, such as acquisition strategies, R&D investment in high-tech sectors, joint research ventures, product introductions in consumer electronics, infrastructure, and oil exploration investment. Representing a major step beyond standard real options or strategy analysis, and extending the power of real options and strategic thinking in a rigorous fashion, Strategic Investment will be an indispensable guide and resource for corporate managers, MBA students, and academics alike.
Posted in Business & Economics