Book description
From its beginnings in the early 1900s, game theory has been a very mathematical, technical subject. However, it also provides valuable, everyday lessons that are important for managers and executives to understand. But current books and textbooks are mostly highly mathematical, and almost all are very long. This book 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, 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. It teaches managers to think ahead and foresee possible reactions to their actions.
Table of contents
- Cover
- Half Title
- Title Page
- Copyright Page
- Dedication Page
- Abstract
- Contents
- Preface
- Chapter 1 Introduction to Game Theory
- Part I Simultaneous and Sequential Games with Perfect Information
-
Part II Information and Other Games
- Chapter 7 The Theory of Contracts: Introduction to Moral Hazard and Adverse Selection
- Chapter 8 Corporate Games I: Games Against Your Customers
- Chapter 9 Corporate Games II: Games Against Your Employees
- Chapter 10 Corporate Games III: Games Against the Competition
- Chapter 11 Building Cooperation in Teams
- Chapter 12 Games Against Yourself
- Index
- Ad Page
- Back Cover
Product information
- Title: Game Theory
- Author(s):
- Release date: February 2013
- Publisher(s): Business Expert Press
- ISBN: 9781606493632
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