Publisher's Synopsis
People are increasingly becoming interested in game theory because it provides a way of elucidating the logical difficulty of a phenomenon and substantiates various alternative courses of decisions and actions. The application of the field is more intensely felt in a multi-player setting with between and within group interactions coupled with levels of information possession, inferences and usage.
Contributed by experts from across the globe, the select papers in this compendium deal with applications of game theory in the context of R&D strategies of firms, investments in innovative projects, two-person stochastic games where each state has a skew symmetric payoff matrix, study of voting as a decision procedure by committees in firms, game theory application in wireless communication problems and in the context of an interacting colony of bacteria. This handy volume encompasses advanced research in the field of game theory with novel application domains.
