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Applied Game Theory and Strategic Behavior
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Applied Game Theory and Strategic Behavior

Book Details

Format Hardback or Cased Book
ISBN-10 1584888431
ISBN-13 9781584888437
Publisher Taylor & Francis Inc
Imprint Chapman & Hall/CRC
Country of Manufacture GB
Country of Publication GB
Publication Date Jul 29th, 2009
Print length 232 Pages
Weight 496 grams
Dimensions 24.30 x 16.50 x 2.00 cms
Product Classification: Business strategy
Ksh 21,600.00
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Addresses practical business, economic, and public policy issues. This book also illustrates the benefits of employing strategic thinking that incorporates the uncertainty surrounding the behavior of other parties. It shows how to build a model, analyze real-world problems, and find strategically sound decisions in uncertain environments.

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.


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