Game Theory in Management : Modelling Business Decisions and their Consequences
Book Details
Format
Hardback or Cased Book
ISBN-10
1409442411
ISBN-13
9781409442417
Publisher
Taylor & Francis Ltd
Imprint
Routledge
Country of Manufacture
GB
Country of Publication
GB
Publication Date
May 28th, 2012
Print length
214 Pages
Weight
610 grams
Dimensions
24.60 x 17.90 x 1.90 cms
Ksh 12,950.00
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Presents a series of mathematically structured analogies to real-life business and economic interaction scenarios, and then, using modern game theory. This title shows how to test common managerial technical approaches for their effectiveness.
Architects and engineers can build models to test their ideas - why not managers? In Game Theory in Management: Modelling Business Decisions and Their Consequences, author Michael Hatfield presents a series of mathematically structured analogies to real-life business and economic interaction scenarios, and then, using modern game theory, he shows how to test common managerial technical approaches for their effectiveness. His results are astonishing: if game theory is correct then many commonly-held and taught management approaches and techniques are not only less effective than thought, they are actually detrimental in many areas where they are held to be beneficial. Game Theory in Management also examines managerial implications from network theory, cartage schemes, risk management theory, management information system epistemology, and other areas where the quantification and testing of business decisions can be employed to identify winning and losing stratagems.
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