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Scissors and Rock - Game Theory for Those Who Manage (Paperback, 1st ed. 2020)
Loot Price: R1,302
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Scissors and Rock - Game Theory for Those Who Manage (Paperback, 1st ed. 2020)
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This book introduces readers to basic game theory as a tool to deal
with strategic decision problems, helping them to understand the
complexity of such problems - to extract a solution, if possible -
and to manage the complexity by revising the game if appropriate.
The authors discuss basic decision situations modeled as Prisoners'
Dilemma, Chicken Game, and Stag Hunt Game, as well as concepts like
the Nash equilibrium, Trembling Hand Perfectness, Rationalizable
Strategies and the Theory of Moves to introduce game theoretic
thinking. Further, the book presents pioneers of strategic
thinking, e.g., Sun Tzu, Machiavelli, Adam Smith, and Goethe, and
includes cases of conflict and cooperation to illustrate practical
applications. Readers learn to apply game theory in business and in
daily life - to manage their decision problems and to better
understand the decision problems of others.
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