The new edition of the book has been streamlined for effective reading and clarity. It explains the concepts of game theory in a way that is easy to understand and will be useful for the students of MBA programmes. It will help the readers to think strategically in interactions that they may encounter as managers. The book uses a mix of mathematics and intuitive reasoning for efficient learning outcomes. The case studies dwell on diverse issues such as politics, diplomacy, geopolitics, movies, sports, health care, environment, besides business and economics. Each chapter includes Solved Examples, Summary, Key Words and Exercises. An Instructor’s Manual is available for professors who adopt this book that includes PowerPoint slides, answers to select problems given in the text and a variety of multiple-choice questions.
What’s New in the Second Edition?
The second edition of the book has expanded the text and included more diagrams for a clearer understanding of concepts such as mixed strategy games, duopoly games, strategic moves and coalition games. It has also updated case-studies on current topics including corona virus pandemic, oil crash, trade war, arms race escalation, etc.
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Alka Chadha, Ph.D. in Economics (National University of Singapore), is Adjunct Associate Professor (Economics), Indian Institute of Management Sambalpur. She has also been faculty member (Economics) at the Indian Institute of Management Tiruchirappalli. She was earlier teaching at the NUS Business School, National University of Singapore. She has completed her B.A. (Hons) Economics from St. Stephen’s College, Delhi and M.A. Economics from Delhi School of Economics.
Her teaching interests include Microeconomics, Game Theory, Indian Economy and Policy and Economics of Innovation. Her research areas focus on Innovation, Pharmaceuticals, Health Care, Internationalization and FDI. She has published her work in international refereed journals including World Development, Industrial and Corporate Change, Economic Modelling and Applied Economics.