Game Theory: Anticipating Reactions for Winning Actions
Author(s): Mark L. Burkey (Author)
Publisher: Business Expert Press
Publication Date: 1 Jan. 2013
Language: English
Print length: 123 pages
ISBN-10: 1606493620
ISBN-13: 9781606493625
Book Description
From its beginnings in the early 1900s, game theory has been a very mathematical, technical subject. However, it also provides valuable, everyday lessons that are important for managers and executives to understand. But current books and textbooks are mostly highly mathematical, and almost all are very long. This book will deliver a focused and precise, but nonmathematical, overview of topics in game theory that are directly relevant to managing an organization. Game theory is the science of action and reaction. While most standard economic analyses embody the science of making an optimal choice, this kind of analysis is largely undertaken in a vacuum. For example, when a firm raises or lowers its price, this is rarely the end of the story-competitors are likely to react by changing their prices and quantities as well. Game theory adds in this extra layer of realism. It teaches managers to think ahead and foresee possible reactions to their actions.
Editorial Reviews
About the Author
Dr Mark L. Burkey is Professor of Economics at North Carolina A&T State University, USA.
Teaching in Further Education: New perspectives for a changing context: 22
Author(s): Norman Lucas (Author)
Publisher: Institute of Education
Publication Date: 1 July 2004
Language: English
Print length: 216 pages
ISBN-10: 0854737006
ISBN-13: 9780854737000
Book Description
Norman Lucas contends that FE is fundamentally divided and that the practices of FE teachers are best understood by appreciating the diversity of needs of FE students. He shows that the tensions between the divisions, diversity and growing regulation are at the hub of the many challenges facing policy makers and FE teachers. This book opens up a debate on three fundamental issues: the FE sector is too diverse and needs to be realigned to give institutions and teachers a clearer strategic and professional focus; the present ‘industrial’ national occupational standards should be abandoned in favour of professional standards akin to that of schoolteachers; the diversity, variety and specializations of FE teachers and the wide ranging needs of FE learners requires the practice of FE teachers to be redefined. This book is an invaluable addition to the largely under-researched area of further education and is essential reading for teachers, policy makers and students who need a broader perspective and understanding.
Editorial Reviews
Review
This account of the history of FE is arguably the best available. — Colin Flint ― Times Educational Supplement Published On: 2004-12-01
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