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Strategic Decisions: The Mathematics of Game Theory

2024-07-31 Mathematics
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Release : 2024-07-31
Genre : Mathematics
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Strategic Decisions: The Mathematics of Game Theory by : Lexa N. Palmer

Download or read book Strategic Decisions: The Mathematics of Game Theory written by Lexa N. Palmer. This book was released on 2024-07-31. Available in PDF, EPUB and Kindle. Book excerpt: Embark on a journey to unlock the secrets behind successful decision-making with "Strategic Decisions: The Mathematics of Game Theory." This comprehensive exploration leaves no stone unturned in the intricate world of game theory, offering insights into how individuals, businesses, and nations make strategic choices in various contexts. Whether you're navigating the complexities of competitive markets, political landscapes, or everyday interactions, this book equips you with the tools to understand and influence outcomes, ensuring a confident and reassured learning journey. In "Strategic Decisions," you'll not only grasp the foundational game theory concepts, including Nash equilibrium, dominant strategies, and mixed strategies, but also witness their real-world applications. The book transcends theory to explore practical applications in economics, politics, business, and beyond, empowering you with the knowledge of how game theory can be applied to real-world situations. From optimizing market strategies to understanding the dynamics of international relations, this book provides a rich understanding of the strategic behavior that shapes our world. What You Will Find in This Book: The history and evolution of game theory Key concepts like Nash equilibrium and dominant strategies Applications of game theory in economics and market strategies Insights into political strategy and international relations The role of information and signaling in decision-making Behavioral game theory and human psychology Ethical and philosophical considerations in strategic choices Case studies and practical applications across various fields Whether you're a student, professional, or curious reader, "Strategic Decisions: The Mathematics of Game Theory" offers not just insights, but a potential transformation in your approach to decision-making. Dive into the world of game theory and let it inspire and motivate you to make strategic choices that can shape your future.

The Mathematics of Games of Strategy

2012-11-14 Mathematics
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Release : 2012-11-14
Genre : Mathematics
Kind : eBook
Book Rating : 062/5 ( reviews)

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Book Synopsis The Mathematics of Games of Strategy by : Melvin Dresher

Download or read book The Mathematics of Games of Strategy written by Melvin Dresher. This book was released on 2012-11-14. Available in PDF, EPUB and Kindle. Book excerpt: This text offers an exceptionally clear presentation of the mathematical theory of games of strategy and its applications to many fields including economics, military, business, and operations research.

Game Theory and Strategy

2023-01-06 Mathematics
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Release : 2023-01-06
Genre : Mathematics
Kind : eBook
Book Rating : 965/5 ( reviews)

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Book Synopsis Game Theory and Strategy by : Philip D. Straffin

Download or read book Game Theory and Strategy written by Philip D. Straffin. This book was released on 2023-01-06. Available in PDF, EPUB and Kindle. Book excerpt: This book is an introduction to mathematical game theory, which might better be called the mathematical theory of conflict and cooperation. It is applicable whenever two individuals—or companies, or political parties, or nations—confront situations where the outcome for each depends on the behavior of all. What are the best strategies in such situations? If there are chances of cooperation, with whom should you cooperate, and how should you share the proceeds of cooperation? Since its creation by John von Neumann and Oskar Morgenstern in 1944, game theory has shed new light on business, politics, economics, social psychology, philosophy, and evolutionary biology. In this book, its fundamental ideas are developed with mathematics at the level of high school algebra and applied to many of these fields (see the table of contents). Ideas like “fairness” are presented via axioms that fair allocations should satisfy; thus the reader is introduced to axiomatic thinking as well as to mathematical modeling of actual situations.

Game Theory

2007-03-06 Mathematics
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Release : 2007-03-06
Genre : Mathematics
Kind : eBook
Book Rating : 360/5 ( reviews)

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Book Synopsis Game Theory by : James N. Webb

Download or read book Game Theory written by James N. Webb. This book was released on 2007-03-06. Available in PDF, EPUB and Kindle. Book excerpt: The outstanding feature of this book is that it provides a unified account of three types of decision problem. It covers the basic ideas of decision theory, classical game theory, and evolutionary game theory in one volume. No background knowledge of economics or biology is required as examples have been carefully selected for their accessibility. Detailed solutions to the numerous exercises are provided at the back of the book, making it ideal for self-study. This introduction to game theory is intended as a first course for undergraduate students of mathematics, but it will also interest advanced students or researchers in biology and economics.

Games to Play and Games Not to Play

2023 Decision making
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Release : 2023
Genre : Decision making
Kind : eBook
Book Rating : 019/5 ( reviews)

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Book Synopsis Games to Play and Games Not to Play by : Uri Weiss

Download or read book Games to Play and Games Not to Play written by Uri Weiss. This book was released on 2023. Available in PDF, EPUB and Kindle. Book excerpt: This book contributes to the theatrical discussions of equilibria that rest on error--in which we include mistaken choices of games to play. Extant game theory recommends diverse strategies (plans of actions) for various given games, particularly those in Nash equilibria, in which no player benefits from one-sided strategy alteration. The literature also refers to the design of games that fit given goals. This is the mechanism design theory; its function is to serve social planners ignorant of the preferences of the people intended to play them. Our study of games avoidance adds to game theory the meta-game of choosing what game to play and what game to avoid playing, and that both players and planners can generate. This comprises a shift from the maximalist position that aims to maximize possible profit to the minimalist one that aims at minimizing possible loss. This shift depends on the question, considering the public interest, what set of games is it advisable to encourage? Obviously, it is advisable to encourage playing some groups of games such as trade, as well as to discourage playing other groups of games such as wars. This shift makes the theory much more applicable to social science: usually, choosing what game to play is less practical than choosing what game not to play. This invites legislation and similar incentives; their study should aim at the improvement of their usefulness. Discussing the possibility of changing both game and strategy renders game theory part-and-parcel of social science. For this mathematical models will not do: it requires a clear distinction between describing options and explaining situations. Explanations may enhance efforts at improvement.

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