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Decision Making Using Game Theory: An Introduction for Managers

Decision Making Using Game Theory: An Introduction for Managers

Paperback

Business GeneralManagement

ISBN10: 1107402670
ISBN13: 9781107402676
Publisher: Cambridge
Published: Jul 21 2011
Pages: 216
Weight: 0.77
Height: 0.46 Width: 6.69 Depth: 9.61
Language: English
Game theory is a key element in most decision making processes involving two or more people or organizations. This book explains how game theory can predict the outcome of complex decision making processes, and how it can help to improve 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 what is becoming an essential weapon in the armory of the informed manager. The book is accessibly written, explaining in simple terms the underlying mathematics behind games of skill. It analyzes 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. Written for managers, students and decision-makers in every field.

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Business General