£108.00

CRC Press Grey Game Theory and Economic Decision-Making Book

Name: CRC Press Grey Game Theory and Economic Decision-Making Book
Brand: CRC Press
Price: 108.0 GBP
Availability: InStock

Economics

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Description

Making effective decisions requires high-quality information. However, many real-world issues in game theory are grey, meaning they involve limited knowledge. Most recent research relies on simplified methods that treat grey systems as white ones, which often leads to forecasting functions that fail when applied to actual situations. Grey Game Theory and Its Applications in Economic Decision-Making provides a solution by introducing classic game theory into the realm of grey system theory. This book is designed for those working with limited knowledge who need more accurate models for systems evaluation, prediction, and decision-making. It addresses the gap between simplified theoretical models and the complex reality of economic environments. By bridging these two fields, the text resolves three major theoretical issues, including the game equilibrium of grey games and providing reasonable explanations for complex decision-making processes. This resource is essential for professionals and students in economics who require more precise tools for forecasting and strategic planning in uncertain environments.

Key Features

Integrates classic game theory with grey system theory to handle scenarios involving limited knowledge.

Addresses the limitations of traditional white system methods that often fail in real-world applications.

Provides solutions for three major theoretical issues, including grey game equilibrium.

Supports better systems evaluation, prediction, and decision-making in economic contexts.

Offers a more accurate approach to forecasting functions compared to simplified research methods.

Product Specifications

Brand: CRC Press
Format: Hardcover
ASIN: 1420087398
Category: Books > Subjects > Business, Finance & Law > Economics
Domain: Amazon UK
Release Date: 26 August 2009
Listed Since: 19 May 2008

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CRC Press Grey Game Theory and Economic Decision-Making Book

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