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The series is designed to bring together those mathematicians who are seriously interested in getting new challenging stimuli from economic theories with those economists who are seeking effective mathematical tools for their research. A lot of economic problems can be formulated as constrained optimizations and equilibration of their solutions. Various mathematical theories have been supplying economists with indispensable machineries for these problems arising in economic theory. Conversely, mathematicians have been stimulated by various mathematical difficulties raised by economic theories.

Game theory. --- Probabilities. --- Game Theory, Economics, Social and Behav. Sciences. --- Probability Theory and Stochastic Processes. --- Economics --- Mathematical models. --- Economics, Mathematical --- Probability --- Statistical inference --- Combinations --- Mathematics --- Chance --- Least squares --- Mathematical statistics --- Risk --- Games, Theory of --- Theory of games --- Mathematical models

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This book discusses stochastic game theory and related concepts. Topics focused upon in the book include matrix games, finite, infinite, and undiscounted stochastic games, n-player cooperative games, minimax theorem, and more. In addition to important definitions and theorems, the book provides readers with a range of problem-solving techniques and exercises. This book is of value to graduate students and readers of probability and statistics alike.

Game theory. --- Probabilities. --- Game Theory, Economics, Social and Behav. Sciences. --- Probability Theory and Stochastic Processes. --- Probability --- Statistical inference --- Combinations --- Mathematics --- Chance --- Least squares --- Mathematical statistics --- Risk --- Games, Theory of --- Theory of games --- Mathematical models

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Why can't we think straight about the big issues that face our society? Why are we taken in by the phony arguments of populists and scammers? Where are the philosophers hiding when we need them to tell us what makes sense? They are hiding because they have nothing to say. The airy-fairy answers offered by writers of footnotes to Plato were wrong two thousand years ago, and they are still wrong now. All this time, we should have been listening to a different but equally venerable branch of matter-of-fact philosophy pioneered by the much-maligned philosopher Epicurus. His ideas were suppressed in ancient times as heretical, but the development of the theory of games and decisions makes it timely for those of us who care about science to revive his style of thinking–not just about the world around us but about ourselves as well. The price of transferring our allegiance to Epicurus and his modern followers is that we can no longer enjoy the luxury of being told what we want to hear. It would be nice if we were really equipped with a hotline to a metaphysical world of transcendental ideals, but the truth is that we are just the flotsam left behind on the beach when the evolutionary tide went out, and we have to get real about what will and will not work for our imperfect species before it is too late. This book is an attempt to point the way. It has no equations and very little jargon; nor does it pull any punches, either in explaining how game theory works or in exposing the follies of famous metaphysicians.

Science --- Philosophy. --- Normal science --- Philosophy of science --- Game theory. --- Philosophy, Ancient. --- Behavioral economics. --- Game Theory. --- Classical Philosophy. --- Game Theory, Economics, Social and Behav. Sciences. --- Behavioral/Experimental Economics. --- Behavioral economics --- Behavioural economics --- Ancient philosophy --- Greek philosophy --- Philosophy, Greek --- Philosophy, Roman --- Roman philosophy --- Games, Theory of --- Theory of games --- Mathematical models --- Mathematics

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This book focuses on the design of efficient & dynamic methods to allocate divisible resources under various auction mechanisms, discussing their applications in power & microgrid systems and the V2G & EV charging coordination problems in smart grids. It describes the design of dynamic methods for single-sided and double-sided auction games and presents a number of simulation cases verifying the performances of the proposed algorithms in terms of efficiency, convergence and computational complexity. Further, it explores the performances of certain auction mechanisms in a hierarchical structure and with large-scale agents, as well as the auction mechanisms for the efficient allocation of multi-type resources. Lastly, it generalizes the main and demonstrates their application in smart grids. This book is a valuable resource for researchers, engineers, and graduate students in the fields of optimization, game theory, auction mechanisms and smart grids interested in designing dynamic auction mechanisms to implement optimal allocation of divisible resources, especially electricity and other types of energy in smart grids.

Energy systems. --- Power electronics. --- Control engineering. --- Game theory. --- Automotive engineering. --- Energy Systems. --- Power Electronics, Electrical Machines and Networks. --- Control and Systems Theory. --- Game Theory. --- Automotive Engineering. --- Electrical engineering. --- Electric engineering --- Engineering --- Games, Theory of --- Theory of games --- Mathematical models --- Mathematics --- Control engineering --- Control equipment --- Control theory --- Engineering instruments --- Automation --- Programmable controllers --- Electronics, Power --- Electric power --- Electronics

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This book introduces readers to basic game theory as a tool to deal with strategic decision problems, helping them to understand the complexity of such problems – to extract a solution, if possible – and to manage the complexity by revising the game if appropriate. The authors discuss basic decision situations modeled as Prisoners’ Dilemma, Chicken Game, and Stag Hunt Game, as well as concepts like the Nash equilibrium, Trembling Hand Perfectness, Rationalizable Strategies and the Theory of Moves to introduce game theoretic thinking. Further, the book presents pioneers of strategic thinking, e.g., Sun Tzu, Machiavelli, Adam Smith, and Goethe, and includes cases of conflict and cooperation to illustrate practical applications. Readers learn to apply game theory in business and in daily life – to manage their decision problems and to better understand the decision problems of others.

Game theory --- Decision making --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management --- Management decisions --- Choice (Psychology) --- Problem solving --- Computer programs. --- Social aspects. --- Game theory. --- Leadership. --- Game Theory. --- Business Strategy/Leadership. --- Game Theory, Economics, Social and Behav. Sciences. --- Ability --- Command of troops --- Followership --- Games, Theory of --- Theory of games --- Mathematical models --- Mathematics --- Teoria de jocs --- Presa de decisions