Applied Game Theory and Strategic Behavior [Hardcover]

Useful Tools to Help Solve Decision Making Problems

Applied Game Theory and Strategic Behaviordemonstrates 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.

Preface

A Brief History of Game Theory

Why Study Games?

Rapid Discoveries in the Twentieth Century

Recognition

Introduction to Game Theory Concepts and Strategy

Game Theory, Strategic Behavior, and Strategy

Consumer Behavior, Utility Theory, and Game Theory

Game-Theoretic Models and Illustration

Rules of the Game

Strategy and Equilibrium

Complex GameslCC