participates actively in the Amazon Affiliate Program. In addition, specific application areas include market competition, law and economics, bargaining and … All my other books on game theory are too mathematical an arcane. Overview. I suspect the author uses this book to generate consulting leads. Game Theory: An Introduction. Game theory is an area of economics that has enjoyed fantastic public relations. 2015 Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets. Using game theory, business people can understand if the first-mover advantage is there or not, competitor’s possible moves related to new products and also deciding upon the strategies for defense, etc. Our work on European passenger rail deregulation and other business issues shows that game theory can provide timely guidance to managers as they tackle difficult and, sometimes, unprecedented situations. We define and describe some different types of games and solution methodologies. Game Theory and Supply Chain Networks: 10.4018/978-1-4666-5202-6.ch096: To Support Customers in Easily and Affordably Obtaining the Latest Peer-Reviewed Research, Receive a 20% Discount on ALL Publications and Free Worldwide Shipping on Orders Over US$ 295 Additionally, Enjoy an Additional 5% Pre-Publication Discount on all Forthcoming Reference Books Browse Titles The Art of Strategy: A Game Theorist's Guide to Success in Business and Life, The Joy of Game Theory: An Introduction to Strategic Thinking, Thinking Strategically: The Competitive Edge in Business, Politics, and Everyday Life (Norton Paperback), How to Decide: Simple Tools for Making Better Choices, Why Can't You Just Give Me The Number? In this book, you'll learn: An introduction to the basic concepts of game theory The book builds intuition for the basic cases of game theory and systematically guides you to broader situations,  imperfect information and signaling, cooperative games and fair division problems, voting systems, auctions, and lots more. Towards optimal strategies 63 3.3.2. Game theory has branched out to encompass many other business disciplines. Game Theory is about ‘Games of Strategy’ in which the strategic interactions of players are being examined in order to decide on the optimal strategy (set of choices) that will lead to the outcome that serves in the best interest of a certain player. In addition, specific application areas include … Algorithmic Game Theory develops the central ideas and results of this new and exciting area. You can read more about the book and a short … However in my experience during the past 20 years in the oil and gas business, many strategic business decisions must be made in the face of both significant uncertainty and complex player interactions. The three team assignments include a real-world application. The book demonstrates how Strategic Gaming has, can, and should be applied to help savvy strategists and negotiators shape and play the game of business effectively. What are the Books on Game Theory to read? Reviewed in the United States on October 7, 2019, Reviewed in the United States on June 11, 2019, Great read . A famous example is that of the similarity of the price-setting of oligopolies to the Prisoner's Dilemma. It is written in a way that makes it perfect as both a text for game theory a reference resource. As an introduction to Game Theory, an important concept in Economics, let’s take an example. Electronic edition ISBN 978-1-61444-115-1 However, there are books on game theory that simplify the subject and make it a lot easier for anyone to understand. To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average.