Game Theory PDF Download. Download free ebook of Game Theory in PDF format or read online by Mark L. Burkey 9781606493632 Published on 2013-02-07 by Business Expert Press
From its beginnings in the early 1900s, game theory has been a very mathematical, technical subject. However, it also provides valuable, everyday lessons that are important for managers and executives to understand. But current books and textbooks are mostly highly mathematical, and almost all are very long. This book will deliver a focused and precise, but nonmathematical, overview of topics in game theory that are directly relevant to managing an organization. Game theory is the science of action and reaction. While most standard economic analyses embody the science of making an optimal choice, this kind of analysis is largely undertaken in a vacuum. For example, when a firm raises or lowers its price, this is rarely the end of the story—competitors are likely to react by changing their prices and quantities as well. Game theory adds in this extra layer of realism. It teaches managers to think ahead and foresee possible reactions to their actions.
This Book was ranked at 23 by Google Books for keyword Game Theory.
Book ID of Game Theory's Books is _iStvBF4x-sC, Book which was written by Mark L. Burkey have ETAG "JURxYp8zo84"
Book which was published by Business Expert Press since 2013-02-07 have ISBNs, ISBN 13 Code is 9781606493632 and ISBN 10 Code is 1606493639
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Book which have "136 Pages" is Printed at BOOK under CategoryBusiness and Economics
Book was written in en
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