Game Theory

Name: Game Theory
Brand: Business Expert Press
SKU: 9781606493625
Price: 93.37 RON
Availability: InStock

Anticipating Reactions for Winning Actions

Autor: Mark E Burkey

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Editura: Business Expert Press

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93.37 lei

From its beginnings in the early 1900s game theory has been a very mathematical, technical subject....

Informații despre carte

Autor

Mark E Burkey

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

2013

Pagini

160

EAN

9781606493625

ISBN

1606493620

Enbook ID

01238700

Editura

Business Expert Press

Greutate

198

Dimensiuni

153 x 228 x 8

Descriere completă

From its beginnings in the early 1900s game theory has been a very mathematical, technical subject. However, it also provides valuable, every day lessons that are important for managers and executives to understand. Current books and textbooks are mostly highly mathematical, and almost all are very long. This primer will deliver a focused and precise, but nonmathematical overview of topics in game theory that are directly relevant to managing an organization. §Game theory is the science of action and reaction. While most standard economic analyses embody the science of making an optimal choice, this kind of analysis is largely undertaken in a vacuum. For example, every managerial economics textbook examines profit maximization for a firm to choose the optimal price and quantity given its cost structure and demand of its customers. However, when a firm raises or lowers its price, this is rarely the end of the story - competitors are likely to react by changing their prices and quantities as well. §Game Theory adds in this extra layer of realism. This book will teach managers to think ahead and foresee possible reactions to their actions. We will examine games played against ones' competitors, against one's employees, against oneself, bargaining situations, and how to get the most out of cooperative teams.

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Game Theory

Anticipating Reactions for Winning Actions

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