Game Theory for Managers and Executives

Executives and managers are often surprised to learn that 'game theory', serves their needs as well as those of video game enthusiasts. Any strategic interaction between people is a 'game' of sorts, and these types of interactions occur with regularity for executives and managers. This book presents [...]
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Executives and managers are often surprised to learn that 'game theory', serves their needs as well as those of video game enthusiasts. Any strategic interaction between people is a 'game' of sorts, and these types of interactions occur with regularity for executives and managers. This book presents a systematic approach to using game theory as a tool to better understand what is going on behind the scenes during interactions and then using that understanding to improve performance when interactive encounters occur. The book is designed to introduce readers to a variety of game theoretic concepts from the ground up. The games are carefully organized from simple to complex and what is learned from the outcome of these games is stressed at least as much as how they are played. Thus readers are given a broad-based, systematic introduction to the world of game theory that should enable them to look at their interactions with others in a whole new light, and give them the ability to more successfully participate in those interactions.