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Author: John McMillan Publisher: Oxford University Press ISBN: 9780195108033 Category : Business & Economics Languages : en Pages : 268
Book Description
Managers are continually called on to make strategic decisions based on how someone else will act, and react, and this is exactly what game theory was invented to analyze. With the publication of John McMillan's 'Games, Strategies, and Managers, ' managers can now unlock the power of this bold way of thinking. The book strips away distracting details and provides insights into what is really going on in every negotiation and strategic decision.
Author: John McMillan Publisher: Oxford University Press ISBN: 9780195108033 Category : Business & Economics Languages : en Pages : 268
Book Description
Managers are continually called on to make strategic decisions based on how someone else will act, and react, and this is exactly what game theory was invented to analyze. With the publication of John McMillan's 'Games, Strategies, and Managers, ' managers can now unlock the power of this bold way of thinking. The book strips away distracting details and provides insights into what is really going on in every negotiation and strategic decision.
Author: CHADHA, ALKA Publisher: PHI Learning Pvt. Ltd. ISBN: 9388028821 Category : Mathematics Languages : en Pages : 240
Book Description
The new edition of the book has been streamlined for effective reading and clarity. It explains the concepts of game theory in a way that is easy to understand and will be useful for the students of MBA programmes. It will help the readers to think strategically in interactions that they may encounter as managers. The book uses a mix of mathematics and intuitive reasoning for efficient learning outcomes. The case studies dwell on diverse issues such as politics, diplomacy, geopolitics, movies, sports, health care, environment, besides business and economics. Each chapter includes Solved Examples, Summary, Key Words and Exercises. An Instructor’s Manual is available for professors who adopt this book that includes PowerPoint slides, answers to select problems given in the text and a variety of multiple-choice questions. The second edition of the book has expanded the text and included more diagrams for a clearer understanding of concepts such as mixed strategy games, duopoly games, strategic moves and coalition games. It has also updated case-studies on current topics including corona virus pandemic, oil crash, trade war, arms race escalation, etc. TARGET AUDIENCE Management Students
Author: Anthony Kelly Publisher: Cambridge University Press ISBN: 9781139438131 Category : Business & Economics Languages : en Pages : 228
Book 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.
Author: CHADHA, ALKA Publisher: PHI Learning Pvt. Ltd. ISBN: 8120351711 Category : Mathematics Languages : en Pages : 240
Book Description
This book, written in an interactive manner and easy-to-comprehend style, explicates the concepts of game theory. It enables the readers to think strategically in interactions that they may encounter as managers. The book innovatively cites real-world scenarios to highlight the fundamental concepts of game theory. It includes applications from regions around the world, with special emphasis on India. Primarily intended for the students of MBA, the book is also of immense use for managers involved in decision-making. In addition, it will be of value to all readers from all walks of life engaged in strategic interactions, including professionals. The book is supplemented with Instructor’s Manual and Solution’s Manual. Highlights of the book • Many case studies and examples are given in the text to maintain the reader’s interest in the subject. The case studies dwell on diverse issues such as diplomacy, politics, movies, sports, health care, environment, besides business and economics. • Mathematical usage is kept at a level that is easy for most MBA students. Even for those students who are not very comfortable with mathematics, the book is designed in such a way that intuitive and logical understanding is possible without rigorous models. • Each chapter (excluding the first chapter on introduction) ends with summary, solved examples, key terms and exercises.
Author: Mr Michael Hatfield Publisher: Gower Publishing, Ltd. ISBN: 1409459403 Category : Business & Economics Languages : en Pages : 215
Book Description
Architects and engineers can build models to test their ideas - why not managers? In Game Theory in Management: Modelling Business Decisions and Their Consequences, author Michael Hatfield presents a series of mathematically structured analogies to real-life business and economic interaction scenarios, and then, using modern game theory, he shows how to test common managerial technical approaches for their effectiveness. His results are astonishing: if game theory is correct then many commonly-held and taught management approaches and techniques are not only less effective than thought, they are actually detrimental in many areas where they are held to be beneficial. Game Theory in Management also examines managerial implications from network theory, cartage schemes, risk management theory, management information system epistemology, and other areas where the quantification and testing of business decisions can be employed to identify winning and losing stratagems. While the topic may seem complex, Game Theory in Management is a readable and fast-paced book; readers will come away with an entirely new perspective on the objectives, tactics, even purpose of management, and ways of evaluating the selected strategies and decisions of those within the team, inside the macro organization, and among competitors. Easily-employed tests for the validity and efficacy of management information systems are also addressed, as are those environments where cartage schemes can be most effective, and where they are not. In the areas of asset, project, and strategic management, Game Theory in Management is certain to become a game-changer.
Author: Barry Webster Publisher: ISBN: 9781606494929 Category : Business & Economics Languages : en Pages : 200
Book Description
Executives and managers are often surprised to learn that 'game theory', serves their needs as well as those of video game enthusiasts. Any strategic interaction between people is a 'game' of sorts, and these types of interactions occur with regularity for executives and managers. This book presents a systematic approach to using game theory as a tool to better understand what is going on behind the scenes during interactions and then using that understanding to improve performance when interactive encounters occur. The book is designed to introduce readers to a variety of game theoretic concepts from the ground up. The games are carefully organized from simple to complex and what is learned from the outcome of these games is stressed at least as much as how they are played. Thus readers are given a broad-based, systematic introduction to the world of game theory that should enable them to look at their interactions with others in a whole new light, and give them the ability to more successfully participate in those interactions.
Author: Michael Hatfield Publisher: Routledge ISBN: 1317131029 Category : Business & Economics Languages : en Pages : 212
Book Description
Architects and engineers can build models to test their ideas - why not managers? In Game Theory in Management: Modelling Business Decisions and Their Consequences, author Michael Hatfield presents a series of mathematically structured analogies to real-life business and economic interaction scenarios, and then, using modern game theory, he shows how to test common managerial technical approaches for their effectiveness. His results are astonishing: if game theory is correct then many commonly-held and taught management approaches and techniques are not only less effective than thought, they are actually detrimental in many areas where they are held to be beneficial. Game Theory in Management also examines managerial implications from network theory, cartage schemes, risk management theory, management information system epistemology, and other areas where the quantification and testing of business decisions can be employed to identify winning and losing stratagems.
Author: David Mueller Publisher: Springer ISBN: 331961603X Category : Business & Economics Languages : en Pages : 453
Book Description
This book demonstrates what kind of problems, originating in a management accounting setting, may be solved with game theoretic models. Game theory has experienced growing interest and numerous applications in the field of management accounting. The main focus traditionally has been on the field of non-cooperative behaviour, but the area of cooperative game theory has developed rapidly and has received increasing attention. Intensive research, in combination with the changing culture of publishing, has produced a nearly unmanageable number of publications in the areas concerned. Therefore, one main purpose of this volume is providing an intensive analysis of the intersection of these areas. In addition, the book strengthens the relationship between the theory and the practical applications and it illustrates the two-sided relationship between game theory and management accounting: new game theoretic models offer new fields of applications and these applications raise new questions for the theory.
Author: Adam Brandenburger Publisher: Harvard Business Review Press ISBN: 1633691292 Category : Business & Economics Languages : en Pages : 99
Book Description
Business is like war: The best combatant wins while the worst loses, right? Not necessarily. Companies can succeed spectacularly without destroying others. And they can lose miserably after competing well. Exceptional businesses win by actively shaping the game they're playing, not playing the game they find. The Right Game shows you how to do this—by altering who's competing, what value each player brings to the table, and which rules and tactics players use. Since 1922, Harvard Business Review has been a leading source of breakthrough ideas in management practice. The Harvard Business Review Classics series now offers you the opportunity to make these seminal pieces a part of your permanent management library. Each highly readable volume contains a groundbreaking idea that continues to shape best practices and inspire countless managers around the world.
Author: Abdelhakim Hammoudi Publisher: John Wiley & Sons ISBN: 1848219733 Category : Business & Economics Languages : en Pages : 293
Book Description
Economic players must often choose between several strategic options in a fierce competitive environment where interactions with competitors make decisions particularly complex. Game theory offers useful insights to choose an optimal decision or at least a basis for making rational decision given the constraints of the stakeholders' environment. In presenting the concepts and the logical structure of the reasoning offered by game theory and their applications, the book explains the rational process of decision making in the framework of firm management and market competition. By avoiding the usual complexity of presentation often due to mathematical formalism, the book proposes a reflection and practical insights of game theory for practitioners (managers, strategists) and social, managerial and economic researchers. The book will expose both general teachings and a comprehensive analysis applied to specific case studies of various sectors of the economy.
Author: John McMillan
Author: John McMillan
Author: CHADHA, ALKA
Author: Anthony Kelly
Author: CHADHA, ALKA
Author: Mr Michael Hatfield
Author: Barry Webster
Author: Michael Hatfield
Author: David Mueller
Author: Adam Brandenburger
Author: Abdelhakim Hammoudi