Decision Making Using Game Theory: An Introduction for Managers

Decision Making Using Game Theory: An Introduction for Managers

By: Anthony Kelly (author)Paperback

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Description

Game theory is a key element in most decision-making processes involving two or more people or organisations. This book explains how game theory can predict the outcome of complex decision-making processes, and how it can help you to improve your own negotiation and decision-making skills. It is grounded in well-established theory, yet the wide-ranging international examples used to illustrate its application offer a fresh approach to an essential weapon in the armoury of the informed manager. The book is accessibly written, explaining in simple terms the underlying mathematics behind games of skill, before moving on to more sophisticated topics such as zero-sum games, mixed-motive games, and multi-person games, coalitions and power. Clear examples and helpful diagrams are used throughout, and the mathematics is kept to a minimum. It is written for managers, students and decision makers in any field.

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About Author

Dr Anthony Kelly is a lecturer at the University of Southampton Research & Graduate School of Education where he teaches game theory and decision making to managers and students.

Contents

Preface; 1. Introduction; 2. Games of skill; 3. Games of chance; 4. Sequential decision-making and co-operative; 5. Games of strategy; 6. Two-person mixed-motive games of strategy; 7. Repeated games; 8. Multi-person games, coalitions and power; 9. A critique of game theory; Appendix A. Proof of the minimax theorem; Appendix B. Proof of Bayes' theorem; Bibliography; Index.

Product Details

  • publication date: 21/07/2011
  • ISBN13: 9781107402676
  • Format: Paperback
  • Number Of Pages: 216
  • ID: 9781107402676
  • weight: 350
  • ISBN10: 1107402670

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