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Grey Game Theory and Its Applications in Economic Decision-Making

Grey Game Theory and Its Applications in Economic Decision-Making

Hardcover

Series: Systems Evaluation, Prediction, and Decision-Making

Business GeneralEconomicsTechnology & Engineering

ISBN10: 1420087398
ISBN13: 9781420087390
Publisher: Auerbach Pubn
Published: Aug 26 2009
Pages: 360
Weight: 1.51
Height: 0.81 Width: 6.14 Depth: 9.21
Language: English

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:

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