Introduction into Game Theory (Business Context)

Viac o knihe

Game Theory is explored through its application in business contexts, particularly focusing on optimal behavior among rational decision-makers. The text introduces essential principles over six weeks, emphasizing scenarios like second price actions and oligopolistic competition. Key concepts, including the prisoner's dilemma, are clarified with real examples to make complex mathematics more accessible. Readers will gain the ability to tackle simplified problems independently and develop a more rational perspective on decision-making in economic environments.