Decision Making Using Game Theory: An Introduction for Managers

by Anthony Kelly

Overview

Game theory is a key element in most decision making processes involving two or more people or organizations. This book explains how game theory can predict the outcome of complex decision making processes, and how it can help to improve negotiation and decision-making skills. It is grounded in well-established theory, yet the wide-ranging international examples used to illustrate its application offer a fresh approach to what is becoming an essential weapon in the armory of the informed manager. The book is accessibly written, explaining in simple terms the underlying mathematics behind games of skill. It analyzes more sophisticated topics such as zero-sum games, mixed-motive games, and multi-person games, coalitions and power. Clear examples and helpful diagrams are used throughout, and the mathematics is kept to a minimum. Written for managers, students and decision-makers in every field.

Product Details

ISBN-13:	9780521814621
Publisher:	Cambridge University Press
Publication date:	03/27/2003
Edition description:	New Edition
Pages:	216
Product dimensions:	7.17(w) x 10.04(h) x 0.94(d)

About the Author

Dr Anthony Kelly is a lecturer at the University of Southampton Research & Graduate School of Education where he teaches game theory and decision making to managers and students.

Table of Contents

Preface; 1. Introduction; 2. Games of skill; 3. Games of chance; 4. Sequential decision-making and co-operative; 5. Games of strategy; 6. Two-person mixed-motive games of strategy; 7. Repeated games; 8. Multi-person games, coalitions and power; 9. A critique of game theory; Appendix A. Proof of the minimax theorem; Appendix B. Proof of Bayes' theorem; Bibliography; Index.