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Strategic and Structural Uncertainty in Games

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Author :
Release : 1993
Genre : Decision making
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Strategic and Structural Uncertainty in Games by : Adam Brandenburger

Download or read book Strategic and Structural Uncertainty in Games written by Adam Brandenburger. This book was released on 1993. Available in PDF, EPUB and Kindle. Book excerpt:

Robust Equilibrium Analysis in Games with Uncertainty

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Author :
Release : 2006
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Robust Equilibrium Analysis in Games with Uncertainty by : Ignacio Esponda

Download or read book Robust Equilibrium Analysis in Games with Uncertainty written by Ignacio Esponda. This book was released on 2006. Available in PDF, EPUB and Kindle. Book excerpt:

Managing Risk and Uncertainty

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Author :
Release : 2015-11-13
Genre : Business & Economics
Kind : eBook
Book Rating : 193/5 ( reviews)

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Book Synopsis Managing Risk and Uncertainty by : Richard Friberg

Download or read book Managing Risk and Uncertainty written by Richard Friberg. This book was released on 2015-11-13. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive framework for assessing strategies for managing risk and uncertainty, integrating theory and practice and synthesizing insights from many fields. This book offers a framework for making decisions under risk and uncertainty. Synthesizing research from economics, finance, decision theory, management, and other fields, the book provides a set of tools and a way of thinking that determines the relative merits of different strategies. It takes as its premise that we make better decisions if we use the whole toolkit of economics and related fields to inform our decision making. The text explores the distinction between risk and uncertainty and covers standard models of decision making under risk as well as more recent work on decision making under uncertainty, with a particular focus on strategic interaction. It also examines the implications of incomplete markets for managing under uncertainty. It presents four core strategies: a benchmark strategy (proceeding as if risk and uncertainty were low), a financial hedging strategy (valuable if there is much risk), an operational hedging strategy (valuable for conditions of much uncertainty), and a flexible strategy (valuable if there is much risk and/or uncertainty). The book then examines various aspects of these strategies in greater depth, building on empirical work in several different fields. Topics include price-setting, real options and Monte Carlo techniques, organizational structure, and behavioral biases. Many chapters include exercises and appendixes with additional material. The book can be used in graduate or advanced undergraduate courses in risk management, as a guide for researchers, or as a reference for management practitioners.

Uncertainty in Games

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Author :
Release : 2015-01-30
Genre : Games & Activities
Kind : eBook
Book Rating : 537/5 ( reviews)

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Book Synopsis Uncertainty in Games by : Greg Costikyan

Download or read book Uncertainty in Games written by Greg Costikyan. This book was released on 2015-01-30. Available in PDF, EPUB and Kindle. Book excerpt: How uncertainty in games—from Super Mario Bros. to Rock/Paper/Scissors—engages players and shapes play experiences. In life, uncertainty surrounds us. Things that we thought were good for us turn out to be bad for us (and vice versa); people we thought we knew well behave in mysterious ways; the stock market takes a nosedive. Thanks to an inexplicable optimism, most of the time we are fairly cheerful about it all. But we do devote much effort to managing and ameliorating uncertainty. Is it any wonder, then, asks Greg Costikyan, that we have taken this aspect of our lives and transformed it culturally, making a series of elaborate constructs that subject us to uncertainty but in a fictive and nonthreatening way? That is: we create games. In this concise and entertaining book, Costikyan, an award-winning game designer, argues that games require uncertainty to hold our interest, and that the struggle to master uncertainty is central to their appeal. Game designers, he suggests, can harness the idea of uncertainty to guide their work. Costikyan explores the many sources of uncertainty in many sorts of games—from Super Mario Bros. and Dungeons & Dragons to Rock/Paper/Scissors, from Monopoly to CityVille, from FPS Deathmatch play to Chess. He describes types of uncertainty, including performative uncertainty, analytic complexity, and narrative anticipation. And he suggests ways that game designers who want to craft novel game experiences can use an understanding of game uncertainty in its many forms to improve their designs.

Individual Strategy and Social Structure

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Release : 2020-06-16
Genre : Business & Economics
Kind : eBook
Book Rating : 255/5 ( reviews)

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Book Synopsis Individual Strategy and Social Structure by : H. Peyton Young

Download or read book Individual Strategy and Social Structure written by H. Peyton Young. This book was released on 2020-06-16. Available in PDF, EPUB and Kindle. Book excerpt: Neoclassical economics as-sumes that people are highly rational and can reason their way through even the most complex economic problems. In Individual Strategy and Social Structure, Peyton Young argues for a more realistic view in which people have a limited understanding of their environment, are sometimes short-sighted, and occasionally act in perverse ways. He shows how the cumulative experiences of many such individuals coalesce over time into customs, norms, and institutions that govern economic and social life. He develops a theory that predicts how such institutions evolve and characterizes their welfare properties. The ideas are illustrated through a variety of examples, including patterns of residential segregation, rules of the road, claims on property, forms of economic contracts, and norms of equity. The book relies on new results in evolutionary game theory and stochastic dynamical systems theory, many of them originated by the author. It can serve as an introductory text, or be read on its own as a contribution to the study of economic and social institutions.

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