When should you adopt an aggressive business strategy? How do we make decisions when we don't have all the information? What makes international environmental cooperation possible?Game theory is the study of how we make a decision when the outcome of our moves depends on the decisions of someone else. Economists Ivan and Tuvana Pastine explain why, in these situations, we sometimes cooperate, sometimes clash, and sometimes act in a way that seems completely random.

Gain some insight into the game of life...Game Theory means rigorous strategic thinking. It is based on the idea that everyone acts competitively and in his own best interest. With the help of mathematical models, it is possible to anticipate the actions of others in nearly all life's enterprises. This book includes down-to-earth examples and solutions, as well as charts and illustrations designed to help teach the concept. In The Complete Idiot's Guid...

Before Freakonomics and The Tipping Point there was this classic by the 2005 Nobel Laureate in Economics."Schelling here offers an early analysis of 'tipping' in social situations involving a large number of individuals."—official citation for the 2005 Nobel PrizeMicromotives and Macrobehavior was originally published over twenty-five years ago, yet the stories it tells feel just as fresh today. And the subject of these stories—how small and seemi...

Games are everywhere: Drivers manoeuvring in heavy traffic are playing a driving game. Bargain hunters bidding on eBay are playing an auctioning game. A firm negotiating next year's wage is playing a bargaining game. The opposing candidates in an election are playing a political game. The supermarket's price for corn flakes is decided by playing an economic game. Game theory is about how to play such games in a rational way. Even when the players have not thought everything out in advance,...

Over the past few years most British universities have turned to standardized testing to assess candidates for admission. The UK Clinical Aptitude Test (UKCAT) is the latest test to be developed - it is used by the majority of UK medical and dentistry schools. The UKCAT aims to test verbal reasoning, quantitative reasoning and decision analysis rather than scientific knowledge. How to Pass the UKCAT by testing expert Mike Bryon contains 600 up-to-date, highly relevant practice questions fo...

Peterson's provides an in-depth review of the GMAT Quantitative Section. A 5-step plan for problem solving and a 5-step plan for data sufficiency problems are included along with several examples and explanations.

The most comprehensive resource for students who want to earn top GRE scores. Includes 6 full-length practice tests, including a diagnostic test to help identify strengths and weaknesses. Also includes thorough reviews of every section on the exam with analogies, issue and analysis essays, reading comprehension and quantitative comparisons, and detailed answer explanations for every question. Learn from a test-prep pro, with expert tips and strategies--including an in-depth review of the G...

The art of thinking strategicallyThis book is a practical and accessible guide to understanding and implementing game theory, providing you with the essential information and saving time.In 50 minutes you will be able to:• Quickly master the concept of strategic behavior and interactive decisions• Anticipate the actions of your opponents to react accordingly and maximize gains• Find the key to cooperating in order to reach col...

Peterson's Master the GED: Mastering the Mathematics Test offers readers a complete look at both parts of the GED Mathematics Test. Readers will learn all about the GED Mathematics Test, includingFormat and featuresMeasurementsUsing the Casio FX-260 calculator for Part IRecording answers to alternative format questionsStrategies for solving math problems (when and when not to work backward, simple...

Economics: A Simple Introduction offers an accessible guide to the principles and methods of economics, with calculations and over 25 diagrams to support the analysis.Understand the four dimensional nature of economics, and how its learning process differs from other subjects.Use data points, read graphs, and learn to create your own graphs and how to plot a trend curve. Evaluate the laws of diminishing marginal utility and diminishing returns exhibited by these trend curve...

A decade ago, computer scientist Douglas Hofstadter coined the term innumeracy, which aptly described the widespread ailment of poor quantitative thinking in American society. So, in What the Numbers Say, Derrick Niederman and David Boyum present clear and comprehensible methods to help us process and calculate our way through the world of “data smog” that we live in. Avoiding abstruse formulations and equations, Niederman and Boyum anchor their presentations in the real ...