Game theory is “the study of mathematical models of conflict and cooperation between intelligent rational decision-makers (Myerson, p. 1). ” Game theory applies to a wide range of behavioral relations and is used in the science of logical decision making. After reviewing the materials this week, do you think game theory can help you better understand a company’s competitive external environment? Why or why not?
Myerson, Roger B. (1991). Game Theory: Analysis of Conflict, Harvard University Press.
Subject: Business integration and strategic training