Game theory is the science of predicting the outcome of a scenario or game by understanding the rewards and risks associated with each decision. It helps in identifying the best strategy or tactic given a goal or aspiration. It is based on extensive research and includes real-life examples and case studies to prove its effectiveness in different business settings. When applied to everyday business situations, it can help overcome obstacles and challenges, leading to positive outcomes.
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Have you ever had to dissect a complicated business scenario and were confused as to where to begin, or how to analyze the problem? Game theory is the...
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Have you ever had to dissect a complicated business scenario and were confused as to where to begin, or how to analyze the problem? Game theory is the science of predicting the outcome of a scenario or game by understanding the rewards and risks associate with each decision. Game theory can help anyone identify the best strategy or tactic given a goal or aspiration. is not only based on extensive research, but it includes real-life examples and case studies to prove that game theory analysis works in different business settings. When game theory strategies are applied to everyday business situations, obstacles and challenges can be overcome and the end result can be a positive one. The book is filled with questions that will get the reader to think twice before they make their next decision, recipes to use game theory analysis in split-second situations, and case studies that demonstrate the power of using game theory.