Decision Making Using Game Theory
An Introduction for Managers

This book explains how game theory can predict the outcome of complex decision-making processes.

Anthony Kelly (Author)

9781107402676, Cambridge University Press

Paperback / softback, published 21 July 2011

216 pages
24.4 x 17 x 1.2 cm, 0.35 kg

Game theory is a key element in most decision-making processes involving two or more people or organisations. This book explains how game theory can predict the outcome of complex decision-making processes, and how it can help you to improve your own 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 an essential weapon in the armoury of the informed manager. The book is accessibly written, explaining in simple terms the underlying mathematics behind games of skill, before moving on to 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. It is written for managers, students and decision makers in any field.

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.

Subject Areas: Business & management [KJ]