Game Theory Approach to Managerial Strategies and Value Creation

Business & Finance, Economics
Cover of the book Game Theory Approach to Managerial Strategies and Value Creation by Abdelhakim Hammoudi, Nabyla Daidj, Wiley
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Author: Abdelhakim Hammoudi, Nabyla Daidj ISBN: 9781119482604
Publisher: Wiley Publication: December 27, 2017
Imprint: Wiley-ISTE Language: English
Author: Abdelhakim Hammoudi, Nabyla Daidj
ISBN: 9781119482604
Publisher: Wiley
Publication: December 27, 2017
Imprint: Wiley-ISTE
Language: English

Economic players must often choose between several strategic options in a fierce competitive environment where interactions with competitors make decisions particularly complex. Game theory offers useful insights to choose an optimal decision or at least a basis for making rational decision given the constraints of the stakeholders’ environment. In presenting the concepts and the logical structure of the reasoning offered by game theory and their applications, the book explains the rational process of decision making in the framework of firm management and market competition. By avoiding the usual complexity of presentation often due to mathematical formalism, the book proposes a reflection and practical insights of game theory for practitioners (managers, strategists) and social, managerial and economic researchers. The book will expose both general teachings and a comprehensive analysis applied to specific case studies of various sectors of the economy.

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Economic players must often choose between several strategic options in a fierce competitive environment where interactions with competitors make decisions particularly complex. Game theory offers useful insights to choose an optimal decision or at least a basis for making rational decision given the constraints of the stakeholders’ environment. In presenting the concepts and the logical structure of the reasoning offered by game theory and their applications, the book explains the rational process of decision making in the framework of firm management and market competition. By avoiding the usual complexity of presentation often due to mathematical formalism, the book proposes a reflection and practical insights of game theory for practitioners (managers, strategists) and social, managerial and economic researchers. The book will expose both general teachings and a comprehensive analysis applied to specific case studies of various sectors of the economy.

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