Description:
This book uses game theory techniques to address practical business, economic, and public policy issues. It also illustrates the benefits of employing strategic thinking that incorporates the uncertainty surrounding the behavior of other parties. The authors show how to build a model, analyze real-world problems, and find strategically sound decisions in uncertain environments. Through case studies from a variety of industries, law, and government regulation, they discuss economic and game theory concepts, including strategic value within a business game, static and dynamic games, complete and incomplete information sets, and asymmetric information.