Applied Game Theory and Strategic Behavior

Applied Game Theory and Strategic Behavior

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Useful Tools to Help Solve Decision Making Problems Applied Game Theory and Strategic Behavior demonstrates 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 authorsa€™ 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.... While auto manufacturers have been working on more fuel-efficient vehicles for years, new CAFE standards soon to go into effect, ... For example, GMa#39;s Chevrolet Volt, arriving at the end of 2010, will run on electricity for the first 40 miles, then will switch over to its engine, getting as ... (2) domestic automakers and non-domestic automakers with concentration on light trucks (Big Three and Toyota), andanbsp;...

Title:Applied Game Theory and Strategic Behavior
Author:Ilhan K. Geckil, Patrick L. Anderson
Publisher:CRC Press - 2009-07-29


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