Scissors and Rock: Game Theory for Those Who Manage

This book introduces readers to basic game theory as a tool to deal with strategic decision problems, helping them to understand the complexity of such problems – to extract a solution, if possible – and to manage the complexity by revising the game if appropriate. The authors discuss basic decision situations modeled as Prisoners’ Dilemma, Chicken Game, and Stag Hunt Game, as well as concepts like the Nash equilibrium, Trembling Hand Perfectness, Rationalizable Strategies and the Theory of...