Introduction to Game Theory in Business and Economics
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A01=Thomas J. Webster
advanced business strategy modeling
Author_Thomas J. Webster
Backward Induction
Bayesian Nash Equilibrium
Category=KC
Category=KJQ
Category=PBUD
contract law economics
Cournot Nash Equilibrium
Decision Node
Defensive Strategies
Dominant Strategy
Dynamic Games
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Game Tree
Independent Private Values
Low Price Strategy
Nash Equilibrium
Nash equilibrium analysis
Nash Equilibrium Strategy
noncooperative games
payoff matrix strategies
Proper Subgames
Pure Strategies
Pure Strategy Nash Equilibrium
repeated games theory
Reservation Price
Run Defense
Sequential Move Games
Simultaneous Move Game
Static Game
strategic trade policy
Strategy Profiles
Subgame Perfect Equilibrium
Total Cost Equations
Trigger Strategy
Unique Nash Equilibrium
Product details
- ISBN 9780765622372
- Weight: 739g
- Dimensions: 178 x 254mm
- Publication Date: 15 Jan 2009
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Paperback
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Game theory is the study of strategic behavior in situations in which the decision makers are aware of the interdependence of their actions. This innovative textbook introduces students to the most basic principles of game theory - move and countermove - with an emphasis on real-world business and economic applications. Students with a background in principles of economics and business mathematics can readily understand most of the material.Demonstration problems in each chapter are designed to enhance the student's understanding of the concepts presented in the text. Many chapters include non-technical applications designed to further the student's intuitive understanding of strategic behavior. Case studies help underscore the usefulness of game theory for analyzing real-world situations. Each chapter concludes with a review and questions and exercises. An online Instructor's Manual with test bank is available to professors who adopt the text.
