- 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, write a page answering do you think game theory can help you better understand a company’s competitive external environment? Why or why not?
Please be sure to validate your opinions and ideas with citations and references in APA format.
Myerson, R.. (1991). Game Theory: Analysis of Conflict. Cambridge, MA: Harvard University Press.