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Management and Organization Theory: A Jossey-Bass Reader
book

Management and Organization Theory: A Jossey-Bass Reader

by Jeffrey A. Miles
February 2012
Beginner
480 pages
11h 16m
English
Jossey-Bass
Content preview from Management and Organization Theory: A Jossey-Bass Reader

14

Game Theory

Game theory examines the decisions that individual players make in order to win a game against one or more competitors. The players are abstract, intelligent, individual agents who act in pursuit of their own limited goals in an abstract setting. Von Neumann and Morgenstern (1944) based their original model on the analogy of two or more people playing a parlor game, such as chess, poker, or bridge. Game theory examines games of strategy but not games of chance, such as rolling dice. A strategic game involves two or more participants making choices of actions in which each may gain or lose depending on the actions taken by the other player(s). There is some uncertainty, as none of the players knows exactly what the others will do. ...

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Publisher Resources

ISBN: 9781118008959