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Games for Business and Economics, by Roy Gardner
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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.
- Sales Rank: #57671 in Books
- Published on: 2003-01-23
- Original language: English
- Number of items: 1
- Dimensions: 9.11" h x .65" w x 7.22" l, 1.70 pounds
- Binding: Paperback
- 464 pages
Review
Description: An easy-to-read, and enjoyable introduction to game theory! This clearly written book shows readers how to set up and solve games, particulaly those in economics and business, using game theory. Gardener's innovative approach helps readers develop strong modeling skills by using proven applications and examples of setups. The book also features a variety of examples, including many from business, politics, economics, and history.
From the Publisher
Designed for the serious reader, this book teaches strategy through the use of game theory. The focus is on setting up and solving games, especially those that arise in economics and business. Develops modeling skills as well as the ability to implement a certain format, the form of the game, by using proven applications and examples of setups. Contains an analogous framework of necessary condition (equilibrium) and sufficient conditions such as undominated strategies, symmetry and subgame perfection to motivate solutions. Features a variety of examples ranging from the Bible to Wall Street.
From the Back Cover
Can you really make money playing the lottery?
How do companies make larger profits after cutting their television advertisements?
Why are financial reports like a game of five-card draw?
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.
Features:
- Reduced coverage of calculus makes content accessible to a larger audience without sacrificing essential subject matter.
- Topics now include examples from popular media events such as the Enron scandal and the film A Beautiful Mind.
- Additional coverage on chance in games involves a tour of the gaming and entertainment industry in the United States.
- Engaging content development teaches theories through the use of creative examples before they are taught as models and applications.
About Roy Gardner:
As the author or contributor to more than 50 journal articles and a dozen books, Roy Gardner specializes in game theory and its applications to economic and politicallife. The science foundations of the United States, France, and Germany, the Swedish Ministry of Foreign Aid, and the Eurasia Foundation have funded his research, and he has also served on the National research Council Panels for Economics and the History and Philosophy of Science.
Most helpful customer reviews
0 of 1 people found the following review helpful.
The book was not in the BEST condition, however it was no terrible
By Sara Singh
The book was not in the BEST condition, however it was no terrible. No pages are falling out and the covers are in tact, there was just slightly above average normal ware and tare.
2 of 2 people found the following review helpful.
A really good introduction, in spite of typos and mistakes
By Ruben Osuna Guerrero
The first edition of this book was a nightmare because of many mistakes, typos and errors in examples, problems and calculations.
The second edition presents a much more polished text, but several errors remain. I cannot understand how is this possible, with almost ten years between the two editions. Even worse, the new additions to the text contain errors as well!
- Just one example of an old mistake also present in the first edition: the blackjack game (p 44) has errors in the calculation of the probabilities. The Figure 2.13 last probabilities are not 1/2 and 1/2, but 2/3 and 1/3.
- Another example, this time of a new mistake in a new figure: The Figure 2.9.a Eu = 1 value is wrong. It should be Eu = 0.6.
- Gardner introduces a new Appendix for explaining the Bayes' rule (p. 268-270), and there is a stupid mistake again. In page 270 we have p(B/A') = .01, and he replaces p(B/A') with .04 in p(B) = P(B/A)p(A)+ p(B/A')p(A'), so all the following results are wrong.
There are also mistakes in the on-line resources for the instructors: many problems' solutions contains errors in the calculations!
Etc, etc, etc...
The real problem with this book is this. The approach is very interesting but the book is a minefield due to the many, many typos, errors, mistakes and wrong calculations.
It cannot be recommended as a manual for a course because of this reason.
20 of 25 people found the following review helpful.
A must-have to anyone learning the first steps in Game T.
By A Customer
Anybody looking for an easy to read book about game theory, don't search no more, this is the one. It covers all the main subjects of game theory in a very simple way, not sacrificing its technical qualities. It is richly filled with real world examples and all mathematical questions are covered in a step-by-step way.
This should be the first text to anyone seriously thinking of learning Game Theory
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