Game Theory in Management

Hatfield, an author and columnist who specializes in project management, examines the use of game theory in business decisions. He covers the basics of game theory and the accompanying risk management and network theory ideas, and how they can lead to informed managerial decision making, then reviews black swan theory and the limits of game theory and how current practitioners of game theory and risk management have advanced their ideas so far beyond their appropriate application that they may become fraudulent. He then offers a testable structure for using game theory in management to deliver better informed decisions. Distributed by Ashgate. Annotation c2012 Book News, Inc., Portland, OR (booknews.com)

Michael Hatfield, PMP, CCC, EVM, is probably best known as the author of the long running column in PMNetwork magazine, Variance Threshold. Besides PMNetwork, his work has appeared in the Project Management Journal, Cost Engineering, Gantthead, People on Projects, The Measurable News, and even in the Nuclear Weapons Journal. He is the author of Things Your PMO Is Doing Wrong (PMI Publishing, 2008). He has worked as an entry-level technician for the Air Force Weapons Laboratory's Electro-Magnetic Pulse (EMP) test sites, as the director of a National Laboratory's Project Management Office overseeing a budget of $1.3 Billion (USD), and many very interesting jobs in-between. Michael can be reached at varthold@aol.com, and software solutions based on the theories put forth in this book are available at www.austintechpubs.com.