It takes the average reader 4 hours and 55 minutes to read Analyzing Strategic Behavior in Business and Economics by Thomas J. Webster
Assuming a reading speed of 250 words per minute. Learn more
This textbook is an introduction to game theory, which is the systematic analysis of decision-making in interactive settings. Game theory can be of great value to business managers. The ability to correctly anticipate countermove by rival firms in competitive and cooperative settings enables managers to make more effective marketing, advertising, pricing, and other business decisions to optimally achieve the firm’s objectives. Game theory does not always accurately predict how rivals will act in strategic situations, but does identify a decision maker’s best response to situations involving move and countermove. As Nobel Prize winner Thomas Shelling noted: “We may wish to understand how participants actually do conduct themselves in conflict situations; an understanding of the ‘correct’ play may give us a bench mark for the study of actual behavior.” The concise and axiomatic approach to the material presented in this textbook is easily accessible to students with a background in the principles of microeconomics and college mathematics. The selection and organizations of topics makes the textbook appropriate for use in a wide range of curricula by students with different backgrounds.
Analyzing Strategic Behavior in Business and Economics by Thomas J. Webster is 287 pages long, and a total of 73,759 words.
This makes it 97% the length of the average book. It also has 90% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 6 hours and 43 minutes to read Analyzing Strategic Behavior in Business and Economics aloud.
Analyzing Strategic Behavior in Business and Economics is suitable for students ages 12 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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