The Role of the Mixed Strategies and Selective Inflexibility in the Repeated Games of Business-Reference-Cited by-同舟云学术

The Role of the Mixed Strategies and Selective Inflexibility in the Repeated Games of Business

Published:2016 Issue: Volume: Page:132-146
ISSN:2475-6660
Container-title:Advances in Psychology, Mental Health, and Behavioral Studies
language:
Short-container-title:

Author:

Rusko Rauno¹

Affiliation:

1. University of Lapland, Finland

Abstract

This chapter is focused on the possibilities of game theory as a tool of strategists to interpret practical strategic decision-making situations. Simultaneously, there is a need to simplify presentation of game theory and consider the possibilities of mixed strategies. Practical game situations are relatively complex: even the rules of the game might change during the decision-making process, or at least there is need to change several times the strategy during the game, especially in the case of repeated game. This chapter shows some practical examples how to describe the strategic game situations in a manner relatively easy to understand.

Publisher

IGI Global

Reference37 articles.

1. A game approach to optimization of bandwidth allocation using MPEG-7 and MPEG-21

2. Application of Game Theory Approach in Solving the Construction Project Conflicts

3. Bennett, L. L., Ragland, S. E., & Yolles, P. (1998). Facilitating international agreements through an interconnected game approach: The case of river basins. In Conflict and cooperation on trans-boundary water resources (pp. 61-85). New York: Kluwer Academic Publishers.

4. Theory of moves.;S. J.Brams;American Scientist,1993

5. Carlsson, A. (2009). The forgotten pioneers of creative hacking and social networking–Introducing the demoscene. In Re: live Media Art Histories 2009 conference proceedings, (pp. 16-20).