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    The Game Theory
    Unavailable
    The Game Theory
    Unavailable
    The Game Theory
    Ebook84 pages47 minutes

    The Game Theory

    By Rolando José Olivo

    ()

    Currently unavailable

    Currently unavailable

    About this ebook

    The Game Theory was designed in 1944 by Morgenstern & von Neumann and has been complemented by various prominent economists and mathematicians (awarded with the Nobel Prize in Economics, due to their respective contributions to this scientific branch).

    This theory rightly justifies that the strategies, tactics and actions do not depend solely on the rational optimizing behavior of the agents and the competition in the markets, rather they are strongly influenced by the possible behavior of others.

    The principles of the Game Theory are: a) make decisions based on the circumstances and the behavior of others, b) apply the strategies of cooperating or not cooperating, and c) reach a microeconomic equilibrium.

    Likewise, this theory has been analyzed through emblematic examples such as the prisoner's and the trolley dilemma, which apply to everyday situations (two groups of buyers in an auction, two corporations in a competitive market, two political parties in a parliamentary vote, two nations at war and even includes the decisions that corporate managers must face due to the possible reactions of investors, among others).

    In addition, the extensions of the Game Theory are: a) the Auction Theory (which also explains the fluctuations of prices in the stock-markets), and b) the Gamification (in its two modalities, academic and managerial). Although the dynamics of the popular monopoly game contradicts this theory, constituting its antithesis.

    LanguageEnglish
    PublisherRolando José Olivo
    Release dateApr 30, 2019
    ISBN9780463054307
    Unavailable
    The Game Theory
    Author

    Rolando José Olivo

    RolandoJOlivo@gmail.com Instagram: @rolandojolivo Systems Engineer with 3 postgraduate degrees: Master's Degree in Applied Economics, Diploma in General Management and Specialization in Management of Social Programs (Summa Cum Laude). Work experience in companies in the oil sector, occupying these positions: Planning and Logistics Manager, Project Coordinator, Financial Advisor and Consultant. Consultant in the economic and financial area. Writer of books on economics, management, self-help, novels and Christianity, among others.

    Read more from Rolando José Olivo

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