To make the best decisions, you need the best information. However, because most issues in game theory are grey, nearly all recent research has been carried out using a simplified method that considers grey systems as white ones. This often results in a forecasting function that is far from satisfactory when applied to many real situations. Grey Game Theory and Its Applications in Economic Decision Making introduces classic game theory into the realm of grey system theory with limited knowledge. The book resolves three theoretical issues:

• A game equilibrium of grey game
• A reasonable explanation for the equilibrium of a grey matrix of static nonmatrix game issues based on incomplete information
• The Centipede Game paradox, which has puzzled theory circles for a long time and greatly enriched and developed the core methods of subgame Nash perfect equilibrium analysis as a result

The book establishes a grey matrix game model based on pure and mixed strategies. The author proposes the concepts of grey saddle points, grey mixed strategy solutions, and their corresponding structures and also puts forward the models and methods of risk measurement and evaluation of optimal grey strategies. He raises and solves the problems of grey matrix games. The book includes definitions of the test rules of information distortion experienced during calculation, the design of tokens based on new interval grey numbers, and new arithmetic laws to manipulate grey numbers. These features combine to provide a practical and efficient tool for forecasting real-life economic problems.

A book in the Systems Evaluation, Prediction, and Decision-Making Series, Systems Evaluation: Methods, Models, and Applications covers the evolutionary course of systems evaluation methods, clearly and concisely. Outlining a wide range of methods and models, it begins by examining the method of qualitative assessment. Next, it describes the process and methods for building an index system of evaluation and considers the compared evaluation and the logical framework approach, analytic hierarchy process (AHP), and the data envelopment analysis (DEA) relative efficiency evaluation method. Unique in its emphasis on the practical applications of systems evaluation methods and models, the book introduces several new evaluation models of grey system, including general grey incidence model, grey incidence models based on similarity and closeness, grey cluster evaluation based on triangular whitenization functions, and multi-attribute grey target decision model. Explaining intricate concepts in language that is easy to understand it provides step-by-step explanations of the various methods and models. The text illustrates the practical application, analysis, and computation of systems evaluation methods and models with an abundance of practical examples and empirical studies. The case studies examine post evaluation of road-bridge construction projects, the efficiency evaluation of the science and technology activities, the evaluation of energy-saving projects in China, and the evaluation and selection of international cooperation projects.

A book in the Systems Evaluation, Prediction, and Decision-Making Series, Systems Evaluation: Methods, Models, and Applications covers the evolutionary course of systems evaluation methods, clearly and concisely. Outlining a wide range of methods and models, it begins by examining the method of qualitative assessment. Next, it describes the process and methods for building an index system of evaluation and considers the compared evaluation and the logical framework approach, analytic hierarchy process (AHP), and the data envelopment analysis (DEA) relative efficiency evaluation method.

Unique in its emphasis on the practical applications of systems evaluation methods and models, the book introduces several new evaluation models of grey system, including general grey incidence model, grey incidence models based on similarity and closeness, grey cluster evaluation based on triangular whitenization functions, and multi-attribute grey target decision model. Explaining intricate concepts in language that is easy to understand it provides step-by-step explanations of the various methods and models.

The text illustrates the practical application, analysis, and computation of systems evaluation methods and models with an abundance of practical examples and empirical studies. The case studies examine post evaluation of road-bridge construction projects, the efficiency evaluation of the science and technology activities, the evaluation of energy-saving projects in China, and the evaluation and selection of international cooperation projects.