Applied Game Theory and Strategic Behavior
Useful Tools to Help Solve Decision Making Problems\ Applied Game Theory and Strategic Behavior demonstrates the use of various game theory techniques to address practical business, economic, legal, and public policy issues. It also illustrates the benefits of employing strategic thinking that incorporates the uncertainty surrounding the behavior of other parties.\ Real-world applications of game theory\ Exploring a variety of games, the book outlines the process of modeling game theory...
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Useful Tools to Help Solve Decision Making ProblemsApplied Game Theory and Strategic Behavior demonstrates the use of various game theory techniques to address practical business, economic, legal, and public policy issues. It also illustrates the benefits of employing strategic thinking that incorporates the uncertainty surrounding the behavior of other parties.Real-world applications of game theoryExploring a variety of games, the book outlines the process of modeling game theory questions while thinking strategically. It introduces core concepts through simple examples and case studies taken from the authors’ consulting work in the automotive, beer, wine, and spirits industries as well as in debates over government regulation. The authors include newly developed software applications that can construct and solve game theory models and present strategic options in clear, visual diagrams.Out of the box and into the business worldStriking the right balance between necessary mathematics and practical applications, this book shows how game theory can be used in real life, not just in mathematical models. It helps readers improve their strategic thinking, define games based on actual situations, model games with payoffs and probabilities, and make strategically sound decisions.
PrefaceA Brief History of Game Theory Why Study Games?Rapid Discoveries in the Twentieth CenturyRecognitionIntroduction to Game Theory Concepts and Strategy Game Theory, Strategic Behavior, and StrategyConsumer Behavior, Utility Theory, and Game TheoryGame-Theoretic Models and IllustrationRules of the GameStrategy and EquilibriumComplex Games and Games by CategoriesOther Key Game Theory ConceptsModeling Games with MATLAB and Experimenting GamesPrisoner’s DilemmaBattle of the SexesA Sample Game of Dominated Strategies with MATLABTheory of Strategic ValueIntroduction: The Game of BusinessStrategy and ValueStates of NatureState Variables for Business: Control VariablesThe Event Tree and Dynamic PayoffsThe FirmReal Options and Management FlexibilityWhat Is "Value" for a Firm?A Dynamic Game of Asymmetric Information in the Beer IndustryA Game between a Global Brewer and a Growing National Beer ImporterRegulated Alcoholic Beverages Industry and Three-Tier System in the United StatesSales Performance of Gambrinus: General Import MarketIncentives at the Time of the 1996 DecisionStrategic Options Available in 1996 and the GameGame-Theoretic ModelConsolidation in the Wine and Spirits IndustryEconomic Structure of the IndustryThe Wine and Spirits Industry and ConsolidationA Hypothetical ConsolidationDescription of the GameA Regulatory Game: CAFE Standards and Competing AutomakersIntroductionHistory of Corporate Average Fuel Efficiency (CAFE)Current DebatesStatement of the Problem and the Strategic and Game Theoretical Motivation behind CAFEBuilding the Game and Players, Strategies, Payoffs, and SolutionOn Auto Industry Crisis of 2008 and Analysis of a Potential Merger: Strategic ApproachIntroduction and Cause of the 2008 Auto Industry CrisisLikely Scenarios for the Automotive IndustryEconomic and Industry ConditionsKey Events to Date Discussion of Potential ScenariosStrategic Approach to a Potential Merger: Strategies of Key PlayersGame Theory and LawIntroductionGame Theory Examples in LawAntitrust Case Study: United States of America, et al., v. Microsoft CorporationGame-Theoretic Model in Microsoft Antitrust Case and PlayersThe Trial and Conclusions of LawBibliographyIndex
