Games for Business and Economics
Whether you′re a veteran in the business game or have just sat down to play, this book will teach you the importance of rules and how to use them to your advantage. Here you can learn the basic strategies for being competitive in a variety of situations, from the blackjack table to the boardroom table. Pull up a chair and prepare to solve gaming problems as they relate to the business and economic environments today.
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2-person agent bargaining game bidder buyer called candidate casino chapter claimant coalition function contract core cost credibility deal disagreement point dollar dominance solvable dominant strategy economic efficiency expected utility expected value extensive form gains from trade game in Figure game theory high effort incentive indifference curves lose low effort marginal market game market niche matching matrix million mixed strategy mixed strategy Nash monopoly Nash bargaining solution node normal form offer one-shot game outcome pair payoff vector percent perfect information player l's Poker possible Pot of Gold principal Prisoner's Dilemma probability distribution problem profits pure strategy pure strategy Nash repeated game replicator dynamics risk neutral risk-neutral seller sequential equilibrium shown in Figure shows signal signaling game solve strategy Nash equilibrium strictly dominant subgame perfect equilibrium Suppose symmetrical game Telex theorem tion total payoff United voters weakly dominates zero zero-sum game