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Applied Game Theory and Strategic Behavior
Contributor(s): Geckil, Ilhan K. (Author), Anderson, Patrick L. (Author)
ISBN: 1584888431     ISBN-13: 9781584888437
Publisher: CRC Press
OUR PRICE:   $133.00  
Product Type: Hardcover - Other Formats
Published: July 2009
Qty:
Annotation: Presenting topics from a practical point of view, Applied Game Theory and Strategic Behavior illustrates how game theory can be used to solve real problems in public policy and the business world. The book demonstrates the benefits of using strategic thinking that incorporates aspects of uncertainty about the behavior of other parties. It offers a rigorous definition of game theory with detailed descriptions of different forms of games, the context of game theory, and the basic assumptions of the theory. The book includes the application areas of business, management, government, and regulation, and provides MATLAB??, Simulink, and Excel codes to assist with more difficult calculations.
Additional Information
BISAC Categories:
- Mathematics | Game Theory
- Mathematics | Applied
Dewey: 519.3
LCCN: 2009019263
Physical Information: 0.8" H x 6.1" W x 9.3" (1.15 lbs) 232 pages
 
Descriptions, Reviews, Etc.
Publisher Description:

Useful Tools to Help Solve Decision Making Problems

Applied Game Theory and Strategic Behavior demonstrates the use of various game theory techniques to address practical business, economic, legal, and public policy issues. It also illustrates the benefits of employing strategic thinking that incorporates the uncertainty surrounding the behavior of other parties.

Real-world applications of game theory
Exploring a variety of games, the book outlines the process of modeling game theory questions while thinking strategically. It introduces core concepts through simple examples and case studies taken from the authors' consulting work in the automotive, beer, wine, and spirits industries as well as in debates over government regulation. The authors include newly developed software applications that can construct and solve game theory models and present strategic options in clear, visual diagrams.

Out of the box and into the business world
Striking the right balance between necessary mathematics and practical applications, this book shows how game theory can be used in real life, not just in mathematical models. It helps readers improve their strategic thinking, define games based on actual situations, model games with payoffs and probabilities, and make strategically sound decisions.