Synopsis
This textbook provides a complete and accessible introduction to game theory and will prove especially valuable to business students and practising business-people. It covers all aspects of the subject: conflict and risk, negotiating, commitment as a bargaining technique, bidding, theoretical and empirical analysis of structuring incentives, trading risks, private information, and decisions about information acquisition. It ends with suggestions of how ideas from game theory might be used as an aid to reasoning through an actual strategic situation. This book is intended for managers and negotiators; students on courses on strategic analysis in business schools; undergraduate students on courses in microeconomics.
Présentation de l'éditeur
John McMillan's Games, Strategies, and Managers presents an overview and analysis of game theory for management in a clear, accessible, and nonmathematical way. Using sven key questions as a starting point, the book provides every student of business and management with insights into the theoretical underpinnings and practical uses of game theory in every negotiation and strategic decision. The coverage and style is designed specifically with students of business in mind. The crucial topics of contracting, negotiation, and bidding are explained. Each chapter also contains assessment exercises and case studies showing game theory in action, to help the student, independent learner or manager alike. Games, Strategies, and Managers will be a major textbook for students of game theory at advanced undergraduate, postgraduate, and MBA level. It will also be an invaluable source for the practitioner or manager continually called upon to make strategic decisions based on how someone else will act, or react.
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