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Books > Business & Economics > Business & management > Management & management techniques > Operational research
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Durable-Strategies Dynamic Games - Theory, Solution Techniques and Applications (Hardcover, 1st ed. 2022)
Loot Price: R2,875
Discovery Miles 28 750
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Durable-Strategies Dynamic Games - Theory, Solution Techniques and Applications (Hardcover, 1st ed. 2022)
Series: Theory and Decision Library C, 50
Expected to ship within 12 - 19 working days
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Durable strategies that have prolonged effects are prevalent in
real-world situations. Revenue-generating investments, toxic waste
disposal, long-lived goods, regulatory measures, coalition
agreements, diffusion of knowledge, advertisement and investments
to accumulate physical capital are concrete and common examples of
durable strategies. This book provides an augmentation of dynamic
game theory and advances a new game paradigm with durable
strategies in decision-making schemes. It covers theories, solution
techniques, and the applications of a general class of dynamic
games with multiple durable strategies. Non-cooperative equilibria
and cooperative solutions are derived, along with advanced topics
including random termination, asynchronous game horizons, and
stochastic analysis. The techniques presented here will enable
readers to solve numerous practical dynamic interactive problems
with durable strategies. This book not only expands the scope of
applied dynamic game theory, but also provides a solid foundation
for further theoretical and technical advancements. As such, it
will appeal to scholars and students of quantitative economics,
game theory, operations research, and computational mathematics.
"Not too many new concepts have been introduced in dynamic games
since their inception. The introduction of the concept of durable
strategies changes this trend and yields important contributions to
environmental and business applications." Dusan M Stipanovic,
Professor, University of Illinois at Urbana-Champaign "Before this
book, the field simply did not realize that most of our strategies
are durable and entail profound effects in the future. Putting them
into the mathematical framework of dynamic games is a great
innovative effort." Vladimir Turetsky, Professor, Ort Braude
College "Durable-strategies Dynamic Games is truly a world-leading
addition to the field of dynamic games. It is a much needed
publication to tackle increasingly crucial problems under the
reality of durable strategies." Vladimir Mazalov, Director of
Mathematical Research, Russian Academy of Sciences & President
of the International Society of Dynamic Games
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