Can Game Theory deal with Bounded Rationality?

12manage is hiring Management/MBA Students!

Game Theory > Forum Log in

Can Game Theory deal with Bounded Rationality?
A key assumption of Game Theory, as mentioned in the article, is rationality. In reality of course individuals and companies may differ from each other in terms of how effectively they can observe a situation, analyze it, plan a strategy and execute their strategy. Their rationality is bounded.
(How) can Game Theory deal with Bounded Rationality?

Game Theory
Y Kerbelker
Please read the book: "Game Changer" by A G Lafley (chairman and CEO of Procter & gamble) and Ram Charam (Coauther of the New York Times bestseller Execution) 2008 First Edition ISBN 978-0-307-38173-6 Published in US by Crown Business.



  Do you wish to study further? You can learn more from the summary, forum, discussions, lessons, courses, training, instructions, expert tips, best practices and education sources. Register.  

Special Interest Group Leader

You here

More on Game Theory
Best Practices

Expert Tips


About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2018 12manage - The Executive Fast Track. V14.1 - Last updated: 22-6-2018. All names of their owners.