Advances in Dynamic Games: Applications to Economics, Management Science, Engineering, and Environmental Management (Annals of the International Society of Dynamic Games) Review

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(More customer reviews)The development in recent years of the theory of dynamic games has resulted in discovering that the theory of dynamic games has applications in several areas outside game playing.

For instance, in zero-sum stochastic games the players do not observe the progress of the game fully, but only in bits and pieces. This is the same situation normally found in business, the military, environmental studies, and certainly in economics. The managers in any of these has to make decision based on partial knowledge, some of which may be wrong.

This book looks at game theory in the light of expanding the theory into real life situations where recent advances offer the potential of shedding light into decision making. It is an edited book, with authors from around the world that presented papers at the 10th International Symposium on Dynamic Games held in St. Petersburg, Russia. As such, this is not a book for the beginner in game theory as it presents new advances assuming that the reader has a basis of understanding in game theory.

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Product Description:

The paradigms of dynamic games play an important role in the development of multi-agent models in engineering, economics, and management science. The applicability of their concepts stems from the ability to encompass situations with uncertainty, incomplete information, fluctuating coalition structure, and coupled constraints imposed on the strategies of all the players. This book—an outgrowth of the 10^th International Symposium on Dynamic Games—presents current developments of the theory of dynamic games and its applications to various domains, in particular energy-environment economics and management sciences.The volume uses dynamic game models of various sorts to approach and solve several problems pertaining to pursuit-evasion, marketing, finance, climate and environmental economics, resource exploitation, as well as auditing and tax evasions. In addition, it includes some chapters on cooperative games, which are increasingly drawing dynamic approaches to their classical solutions. The book is thematicallyorganized into six parts:* zero-sum game theory* pursuit-evasion games* games of coalitions* new interpretations of the interdependence between different members of a social group* original applications to energy-environment economics* management science applicationsThis work will serve as a state-of-the art account of recent advances in dynamic game theory and its applications for researchers, practitioners, and graduate students in applied mathematics, engineering, economics, as well as environmental and management sciences.

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