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Out-think! : how to use game theory to outsmart your competition

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Business managers make decisions in an interactive strategic environment that resembles games. ‘Out-Think’ makes game theoretic concepts usable for strategic decision-makers and functional managers. The book exposes the reader to game theory concepts using examples not only from the domain of business, but also from the fields of professional sports, parlour games like chess, poker etc., and military practices.

Author(s): Sumit Sarkar
Publisher: SAGE
Year: 2016

Language: English
Pages: 213
City: New Delhi ; Thousand Oaks
Tags: Game theory;Théorie des jeux;Decision making;Prise de décision;Strategic planning;Planification stratégique

What managers can learn from game theory? --
Business and chess: looking forward, reasoning backward --
Prisoner's dilemma --
Coordination and anti-coordination games --
Strategic moves: threats, promises and commitment --
Trust, credibility and collusion in repeated games --
Business poker: playing games with limited information --
Smart negotiations.