Advances and applications in game theory/ R.K. Mishra, Suresh Deman, Manikrao Salunkhe, S.B. Rao and Jayasree Raveendram eds.

Includes index

Statistics: learning from numbers to generate new knowledge -- Professor C.R. Rao's contributions to econometrics -- An experimental study of behaviour and cognition from the perspective of inductive game theory -- Deludedly agreeing to agree -- Stochastic game model for the consignment assignment problem -- Polynomial time algorithms for sub classes of simple stochastic games and switching control stochastic games of perfect as well as imperfect -- Coopetitive games and applications -- Approximately optimal mechanism design via differential privacy -- Threshold bank-run equillibrium in dynamic games -- Applications of game theory in policies and decisions -- Game theory and its application to finance -- Start of derivative trading in India: use of various hedging strategies and their effectiveness

Game theory has gained momentum in terms of the strategic relevance it possess in making effective decisions. Game theory's influence and applicability have extended broadely across areas ranging from mathematics and computer science to various social and biological sciences. More recently, game theory has undergone a renaissance having profound applications in the field of management, encompassing economics, finance, marketing, operations research and imperatively in evolving strategies. Game theory's essentiality as strategies between / amongst players enables most business conditions to be conceived as games.
Applications of game theory are precisely found in policies and strategic business decisions including asset acquitions, mergers and takeovers negotiations, risk management and for charting out competitive strategies for optimum utilisation of resources of the firm and of the country.