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Last updated on 08 Jul 2008 |
Interactive presentation on "Game Theory" at SBC Luncheon on 2 July
Date: 16-06-2008
Source: Dr Anna Gunnthorsdottir, Australian Graduate School of Management
On Wednesday 2 July, Dr Anna Gunnthorsdottir will deliver an interactive luncheon presentation on the subject of Game Theory. Anna's expertise on this subject is acknowledged internationally. Please click here to open your invitation to this luncheon.
By way of an introduction, Anna writes:
"Simple games people play day by day."
Game theory is increasingly used as a tool to formulate business and military strategy, and to train the strategic thinking of high-stakes decision-makers in business and in the military. The theory has come to the attention of the broader public through the movie "a beautiful mind" starring Russell Crowe in the role of Nobel laureate John Nash, who developed some of the most important concepts of game theory.
With the right approach the foundations of game theory can be easily acquired by lay people, in particular since people already know through their life experience how to play the "games" that game theorists analyse. We are all natural "gamers" in the workplace, in business and in marriage, to name just a few settings where game theory applies.
This talk provides a brief explanation of some of the basic concepts of game theory developed by John Nash, and an introduction to the theory's most famous games such as "prisoners' dilemmas", the "battle of the sexes" and the "game of chicken", all games we all play day by day.
Lay people are often intrigued by game theory and at the same time deterred by its apparent mathematical complexity. This talk provides a gentle maths-free introduction to a fascinating subject.
Click here to read the SBC disclaimer.