Economics for Business Lecture 9
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In this lecture we introduce game theory, following recap over the risk and insurance parts of the module we looked at last week. Game theory is the study of strategic interaction. In this lecture we looked at the history of game theory and the components of any game: players, strategies, and payoffs. We [...]
Also tagged Economics, Game theory, Institutes, Nash, Nash Equilibrium, Prisoner's dilemma, Social Sciences