This book uses game theory techniques to address practical business, economic, and public policy issues. It also illustrates the benefits of employing strategic thinking that incorporates the uncertainty surrounding the behavior of other parties. The authors show how to build a model, analyze real-world problems, and find strategically sound decisions in uncertain environments. Through case studies from a variety of industries, law, and government regulation, they discuss economic and game theory concepts, including strategic value within a business game, static and dynamic games, complete and incomplete information sets, and asymmetric information.
This book uses game theory techniques to address practical business, economic, and public policy issues. It also illustrates the benefits of employing strategic thinking that incorporates the uncertainty surrounding the behavior of other parties. The authors show how to build a model, analyze real-world problems, and find strategically sound decisions in uncertain environments. Through case studies from a variety of industries, law, and government regulation, they discuss economic and game theory concepts, including strategic value within a business game, static and dynamic games, complete and incomplete information sets, and asymmetric information.
From a pioneer in experimental economics, an expanded and updated edition of a textbook that brings economic experiments into the classroom Economics is rapidly becoming a more experimental science,...
Game theory has played a major role in reshaping the study of animal behavior, and this book, the first since 1982 to focus on ethological game theory models, provides an authoritative and accessible...
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