To come out on top as a player or manager, take advantage of the approaches and concepts of game theory. A word of caution, this volume relies heavily on formulas and decision-trees that may be beyond the ready grasp of non-technically minded managers.
For those who want to put emotion aside and think strategically, however, reading this book is a rational move. His special area of study is how managers and students can utilize game theory in effective decision making. Game theory can help predict the outcome of highly complex decision-making dilemmas, and can lead to more effective decisions. Understanding game theory can help you:. Game theory is the body of knowledge associated with strategic decision making. This scientific approach provides powerful tools for understanding the relationships that are either created or broken as people pursue two eternal human drivers: competition and cooperation.
Start getting smarter: Email:. Rating 5. Qualities Scientific Analytical. About the Author Dr. Understanding game theory can help you: Enlarge your conceptual framework for decision making, thereby developing more effective decision-making skills. Resolve practical challenges more effectively.
Autonomous Vehicle-to-Vehicle (V2V) Decision Making in Roundabout using Game Theory
Address chronic problems and discover alternative solutions. The condensed format is really good. Good to get practice and working quickly in a subject that usually peresented in an overcomplex fashion.
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Negatives: I have no idea how this book passed any QA. I have found many errors in the equations and in the examples. A simple example of this is page 25 figure 2. Luckly I bought the book second hand. It certainly is not worth the full retail price One person found this helpful. Format: Kindle Edition Verified Purchase. This text is not as bad as a few reviewers indicate. I found that the writing and the examples were excellent, but written from a British perspective.
With that in mind the showing, reading and reactions of the author are understandable. Managers aren't dumb This is a complicated statistical process control test with the random phenom built in. We don't really have to understand the winds of the math, but the calculations can be programmed, but that there is solid evidence that management isn't linear. Format: Hardcover.
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Anthony Kelly's book will help you take a step back from the day-to-day fray, and be more strategic in your approach to solving problems. He explains that during conflicts, people operate in their own perceived best interests. Sometimes, combatants can find a common ground, but sometimes the conflict is a "zero-sum game," with a winner and a loser.
To come out on top as a player or manager, take advantage of the approaches and concepts of game theory. A word of caution, this volume relies heavily on formulas and decision-trees that may be beyond the ready grasp of non-technically minded managers. For those who want to put emotion aside and think strategically, however, reading this book is a rational move. We recommend it to those with mathematical or analytical skills, and finds that it will prove useful even to non-analysts who want to learn the fundamental concepts of game theory.
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Decision making using game theory: an introduction for managers
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