Applied Game Theory And Strategic Behavior

Author : Ilhan K. Geckil,Patrick L. Anderson
Publisher : CRC Press
Page : 230 pages
File Size : 45,6 Mb
Release : 2016-04-19
Category : Mathematics
ISBN : 158488844X

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Applied Game Theory and Strategic Behavior by Ilhan K. Geckil,Patrick L. Anderson Pdf

Useful Tools to Help Solve Decision Making Problems Applied Game Theory and Strategic Behavior demonstrates the use of various game theory techniques to address practical business, economic, legal, and public policy issues. It also illustrates the benefits of employing strategic thinking that incorporates the uncertainty surrounding the behavior of other parties. Real-world applications of game theory Exploring a variety of games, the book outlines the process of modeling game theory questions while thinking strategically. It introduces core concepts through simple examples and case studies taken from the authors’ consulting work in the automotive, beer, wine, and spirits industries as well as in debates over government regulation. The authors include newly developed software applications that can construct and solve game theory models and present strategic options in clear, visual diagrams. Out of the box and into the business world Striking the right balance between necessary mathematics and practical applications, this book shows how game theory can be used in real life, not just in mathematical models. It helps readers improve their strategic thinking, define games based on actual situations, model games with payoffs and probabilities, and make strategically sound decisions.

Author : George J Mailath
Publisher : World Scientific
Page : 364 pages
File Size : 54,8 Mb
Release : 2018-12-18
Category : Business & Economics
ISBN : 9789813239951

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Modeling Strategic Behavior: A Graduate Introduction To Game Theory And Mechanism Design by George J Mailath Pdf

It is impossible to understand modern economics without knowledge of the basic tools of gametheory and mechanism design. This book provides a graduate-level introduction to the economic modeling of strategic behavior. The goal is to teach Economics doctoral students the tools of game theory and mechanism design that all economists should know.

Author : C. M. Capra,Rachel T.A. Croson,Mary L. Rigdon,Tanya S. Rosenblat
Publisher : Edward Elgar Publishing
Page : 448 pages
File Size : 43,6 Mb
Release : 2020-10-30
Category : Business & Economics
ISBN : 9781785363337

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Handbook of Experimental Game Theory by C. M. Capra,Rachel T.A. Croson,Mary L. Rigdon,Tanya S. Rosenblat Pdf

The aim of this Handbook is twofold: to educate and to inspire. It is meant for researchers and graduate students who are interested in taking a data-based and behavioral approach to the study of game theory. Educators and students of economics will find the Handbook useful as a companion book to conventional upper-level game theory textbooks, enabling them to compare and contrast actual behavior with theoretical predictions. Researchers and non-specialists will find valuable examples of laboratory and field experiments that test game theoretic propositions and suggest new ways of modeling strategic behavior. Chapters are organized into several sections; each section concludes with an inspirational chapter, offering suggestions on new directions and cutting-edge topics of research in experimental game theory.

Author : Jeffrey Carpenter,Andrea Robbett
Publisher : MIT Press
Page : 725 pages
File Size : 52,7 Mb
Release : 2022-12-06
Category : Mathematics
ISBN : 9780262047296

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Game Theory and Behavior by Jeffrey Carpenter,Andrea Robbett Pdf

An introduction to game theory that offers not only theoretical tools but also the intuition and behavioral insights to apply these tools to real-world situations. This introductory text on game theory provides students with both the theoretical tools to analyze situations through the logic of game theory and the intuition and behavioral insights to apply these tools to real-world situations. It is unique among game theory texts in offering a clear, formal introduction to standard game theory while incorporating evidence from experimental data and introducing recent behavioral models. Students will not only learn about incentives, how to represent situations as games, and what agents “should” do in these situations, but they will also be presented with evidence that either confirms the theoretical assumptions or suggests a way in which the theory might be updated. Features: Each chapter begins with a motivating example that can be run as an experiment and ends with a discussion of the behavior in the example. Parts I–IV cover the fundamental “nuts and bolts” of any introductory game theory course, including the theory of games, simple games with simultaneous decision making by players, sequential move games, and incomplete information in simultaneous and sequential move games. Parts V–VII apply the tools developed in previous sections to bargaining, cooperative game theory, market design, social dilemmas, and social choice and voting. Part VIII offers a more in-depth discussion of behavioral game theory models including evolutionary and psychological game theory. Supplemental material on the book’s website include solutions to end-of-chapter exercises, a manual for running each chapter’s experimental games using pencil and paper, and the oTree codes for running the games online.

Author : Herbert Gintis
Publisher : Princeton University Press
Page : 408 pages
File Size : 42,7 Mb
Release : 2009-01-26
Category : Business & Economics
ISBN : 9781400830077

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Game Theory Evolving by Herbert Gintis Pdf

Since its original publication in 2000, Game Theory Evolving has been considered the best textbook on evolutionary game theory. This completely revised and updated second edition of Game Theory Evolving contains new material and shows students how to apply game theory to model human behavior in ways that reflect the special nature of sociality and individuality. The textbook continues its in-depth look at cooperation in teams, agent-based simulations, experimental economics, the evolution and diffusion of preferences, and the connection between biology and economics. Recognizing that students learn by doing, the textbook introduces principles through practice. Herbert Gintis exposes students to the techniques and applications of game theory through a wealth of sophisticated and surprisingly fun-to-solve problems involving human and animal behavior. The second edition includes solutions to the problems presented and information related to agent-based modeling. In addition, the textbook incorporates instruction in using mathematical software to solve complex problems. Game Theory Evolving is perfect for graduate and upper-level undergraduate economics students, and is a terrific introduction for ambitious do-it-yourselfers throughout the behavioral sciences. Revised and updated edition relevant for courses across disciplines Perfect for graduate and upper-level undergraduate economics courses Solutions to problems presented throughout Incorporates instruction in using computational software for complex problem solving Includes in-depth discussions of agent-based modeling

Author : Thomas J. Webster
Publisher : Routledge
Page : 426 pages
File Size : 45,5 Mb
Release : 2018-10-24
Category : Business & Economics
ISBN : 9781315497235

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Introduction to Game Theory in Business and Economics by Thomas J. Webster Pdf

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.

Author : Prajit K. Dutta,Wouter Vergote
Publisher : MIT Press
Page : 713 pages
File Size : 41,7 Mb
Release : 2022-08-09
Category : Business & Economics
ISBN : 9780262368506

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Strategies and Games, second edition by Prajit K. Dutta,Wouter Vergote Pdf

The new edition of a widely used introduction to game theory and its applications, with a focus on economics, business, and politics. This widely used introduction to game theory is rigorous but accessible, unique in its balance between the theoretical and the practical, with examples and applications following almost every theory-driven chapter. In recent years, game theory has become an important methodological tool for all fields of social sciences, biology and computer science. This second edition of Strategies and Games not only takes into account new game theoretical concepts and applications such as bargaining and matching, it also provides an array of chapters on game theory applied to the political arena. New examples, case studies, and applications relevant to a wide range of behavioral disciplines are now included. The authors map out alternate pathways through the book for instructors in economics, business, and political science. The book contains four parts: strategic form games, extensive form games, asymmetric information games, and cooperative games and matching. Theoretical topics include dominance solutions, Nash equilibrium, Condorcet paradox, backward induction, subgame perfection, repeated and dynamic games, Bayes-Nash equilibrium, mechanism design, auction theory, signaling, the Shapley value, and stable matchings. Applications and case studies include OPEC, voting, poison pills, Treasury auctions, trade agreements, pork-barrel spending, climate change, bargaining and audience costs, markets for lemons, and school choice. Each chapter includes concept checks and tallies end-of-chapter problems. An appendix offers a thorough discussion of single-agent decision theory, which underpins game theory.

Author : John W. Rittinghouse,James F. Ransome
Publisher : CRC Press
Page : 340 pages
File Size : 55,8 Mb
Release : 2016-04-19
Category : Business & Economics
ISBN : 1439806810

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Cloud Computing by John W. Rittinghouse,James F. Ransome Pdf

Cloud Computing: Implementation, Management, and Security provides an understanding of what cloud computing really means, explores how disruptive it may become in the future, and examines its advantages and disadvantages. It gives business executives the knowledge necessary to make informed, educated decisions regarding cloud initiatives. The authors first discuss the evolution of computing from a historical perspective, focusing primarily on advances that led to the development of cloud computing. They then survey some of the critical components that are necessary to make the cloud computing paradigm feasible. They also present various standards based on the use and implementation issues surrounding cloud computing and describe the infrastructure management that is maintained by cloud computing service providers. After addressing significant legal and philosophical issues, the book concludes with a hard look at successful cloud computing vendors. Helping to overcome the lack of understanding currently preventing even faster adoption of cloud computing, this book arms readers with guidance essential to make smart, strategic decisions on cloud initiatives.

Author : Charles A. Holt
Publisher : Princeton University Press
Page : 695 pages
File Size : 40,5 Mb
Release : 2019-03-19
Category : Business & Economics
ISBN : 9780691179247

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Markets, Games, and Strategic Behavior by Charles A. Holt Pdf

First edition published: Boston: Pearson Addison Wesley, 2007.

Author : Colin F. Camerer
Publisher : Princeton University Press
Page : 568 pages
File Size : 53,7 Mb
Release : 2011-09-05
Category : Business & Economics
ISBN : 9781400840885

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Behavioral Game Theory by Colin F. Camerer Pdf

Game theory, the formalized study of strategy, began in the 1940s by asking how emotionless geniuses should play games, but ignored until recently how average people with emotions and limited foresight actually play games. This book marks the first substantial and authoritative effort to close this gap. Colin Camerer, one of the field's leading figures, uses psychological principles and hundreds of experiments to develop mathematical theories of reciprocity, limited strategizing, and learning, which help predict what real people and companies do in strategic situations. Unifying a wealth of information from ongoing studies in strategic behavior, he takes the experimental science of behavioral economics a major step forward. He does so in lucid, friendly prose. Behavioral game theory has three ingredients that come clearly into focus in this book: mathematical theories of how moral obligation and vengeance affect the way people bargain and trust each other; a theory of how limits in the brain constrain the number of steps of "I think he thinks . . ." reasoning people naturally do; and a theory of how people learn from experience to make better strategic decisions. Strategic interactions that can be explained by behavioral game theory include bargaining, games of bluffing as in sports and poker, strikes, how conventions help coordinate a joint activity, price competition and patent races, and building up reputations for trustworthiness or ruthlessness in business or life. While there are many books on standard game theory that address the way ideally rational actors operate, Behavioral Game Theory stands alone in blending experimental evidence and psychology in a mathematical theory of normal strategic behavior. It is must reading for anyone who seeks a more complete understanding of strategic thinking, from professional economists to scholars and students of economics, management studies, psychology, political science, anthropology, and biology.

Author : Russell Golman
Publisher : MDPI
Page : 128 pages
File Size : 44,8 Mb
Release : 2021-01-07
Category : Business & Economics
ISBN : 9783039437733

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Behavioral Game Theory by Russell Golman Pdf

How do interacting decision-makers make strategic choices? If they’re rational and can somehow predict each other’s behavior, they may find themselves in a Nash equilibrium. However, humans display pervasive and systematic departures from rationality. They often do not conform to the predictions of the Nash equilibrium, or its various refinements. This has led to the growth of behavioral game theory, which accounts for how people actually make strategic decisions by incorporating social preferences, bounded rationality (for example, limited iterated reasoning), and learning from experience. This book brings together new advances in the field of behavioral game theory that help us understand how people actually make strategic decisions in game-theoretic situations.

Author : George Joseph Mailath
Publisher : Unknown
Page : 364 pages
File Size : 51,5 Mb
Release : 2018
Category : BUSINESS & ECONOMICS
ISBN : 9813239948

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Modeling Strategic Behavior by George Joseph Mailath Pdf

Author : Can Akdeniz
Publisher : Can Akdeniz
Page : 40 pages
File Size : 51,7 Mb
Release : 2015-05-12
Category : Electronic
ISBN : 8210379456XXX

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Game Theory and Strategy Explained by Can Akdeniz Pdf

Game Theory has evolved since its inception, but at its root, it is the modeling of strategic interactions between two or more players where there is a set of rules and outcomes! This basic definition gets to the heart of what Game Theory is. And this can be applied to almost any situation in your life and your business. Regardless of your status, as an entrepreneur or a part of the employed, this theory can serve you well. It can help you develop strategic approaches to real life situations, where you predict, with remarkable accuracy, the best possible route towards the best possible outcomes. If you wanted to have a crystal ball, one that helps you predict the future, then Game Theory would be as close to that crystal ball as you can get, in real-life! Game Theory and Strategy go hand in hand. In fact, they are like the big brother and the little brother of social interaction. Where Game Theory is the big brother, used to guide you along the way, Strategy is the little brother, needing guidance, and who cannot exist successfully in the absence of ‘big brother’! They, therefore, have a tandem and reciprocal relationship.

Author : 50MINUTES,
Publisher : 50 Minutes
Page : 43 pages
File Size : 43,5 Mb
Release : 2015-09-02
Category : Business & Economics
ISBN : 9782806265883

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Game Theory by 50MINUTES, Pdf

The art of thinking strategically This book is a practical and accessible guide to understanding and implementing game theory, providing you with the essential information and saving time. In 50 minutes you will be able to: • Quickly master the concept of strategic behavior and interactive decisions • Anticipate the actions of your opponents to react accordingly and maximize gains • Find the key to cooperating in order to reach collective goals ABOUT 50MINUTES.COM| Management & Marketing 50MINUTES.COM provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. In fact, they are the starting point to take action and push your business to the next level.

Author : Herbert Gintis
Publisher : Princeton University Press
Page : 408 pages
File Size : 45,9 Mb
Release : 2009-02-15
Category : Business & Economics
ISBN : 0691140510

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Game Theory Evolving by Herbert Gintis Pdf

Since its original publication in 2000, Game Theory Evolving has been considered the best textbook on evolutionary game theory. This completely revised and updated second edition of Game Theory Evolving contains new material and shows students how to apply game theory to model human behavior in ways that reflect the special nature of sociality and individuality. The textbook continues its in-depth look at cooperation in teams, agent-based simulations, experimental economics, the evolution and diffusion of preferences, and the connection between biology and economics. Recognizing that students learn by doing, the textbook introduces principles through practice. Herbert Gintis exposes students to the techniques and applications of game theory through a wealth of sophisticated and surprisingly fun-to-solve problems involving human and animal behavior. The second edition includes solutions to the problems presented and information related to agent-based modeling. In addition, the textbook incorporates instruction in using mathematical software to solve complex problems. Game Theory Evolving is perfect for graduate and upper-level undergraduate economics students, and is a terrific introduction for ambitious do-it-yourselfers throughout the behavioral sciences. Revised and updated edition relevant for courses across disciplines Perfect for graduate and upper-level undergraduate economics courses Solutions to problems presented throughout Incorporates instruction in using computational software for complex problem solving Includes in-depth discussions of agent-based modeling