What are the Uses of Game Theory? List of Usages

Game Theory
Knowledge Center

 

Next Topic

Game Theory > Forum

Marten van der Zee, Analyst, Netherlands
According to Luis Garicano (Professor Economics and Strategy) Game Theory is not particular useful to analyze business problems in an exact, numerical way. Rather it is useful to get insight in the interaction between players in a market under certain conditions. Specificaly, usage of game theory in business strategy can help in 3 ways: 1. Teach players to 'learn' the right way to play 2. Understand how competitors behave, and 3. What probably happens when the rules are changing in a certain way. Makes me wonder, are there any additional uses of game theory in business strategy besides these 3? (...) Read more? Sign up for free

Please register now to read all responses and to join this discussion yourself. It's easy and 100% free.

Sign up for free     Log in


 
More on Game Theory
Summary
Forum
Game Theory and Oligopolistic Competition
What are the Uses of Game Theory? List of Usages
🔥Shapley Value
Best Practices
🥇Game Theory in Business
🥈Game Theory vs. SWOT Analysis in the Strategy Process
🥉Game Theory Cases in Strategy?
Types of Game Theory
Is Business Strategy a Non-Zero-Sum Game?
Can Game Theory deal with Bounded Rationality?
Using Game Theory for Making Investments
What is Dominance Theory?
Special Interest Group Leader

Are you an expert in Game Theory? Sign up for free


Game Theory
Knowledge Center

 

Next Topic



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2020 12manage - The Executive Fast Track. V15.6 - Last updated: 27-10-2020. All names of their owners.