Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
13Activity
0 of .
Results for:
No results containing your search query
P. 1
Managerial Economics (Chapter 10 Bis) Game Theory

Managerial Economics (Chapter 10 Bis) Game Theory

Ratings: (0)|Views: 1,622 |Likes:
Published by api-3703724

More info:

Published by: api-3703724 on Oct 14, 2008
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PPT, PDF, TXT or read online from Scribd
See more
See less

03/18/2014

pdf

text

original

Chapter 10
Game theory and strategic
behavior
Game Theory

\u2022Game theory was pioneered by the
mathematician John Von Neumann and
the economist Oskar Morgensten in 1944.

\u2022It is an instrument used to analyze
cooperation and conflicts between firms in
oligopolistic markets.

\u2022In general, game theory is concerned with
the choice of the best or optimal strategy
in conflict situations.

Example

\u2022Game theory can help a firm determine
the conditions under which lowering its
price would not trigger a ruinous price war.

\u2022Game theory would help us understand why cheating leads to the collapse of a cartel.

Activity (13)

You've already reviewed this. Edit your review.
1 hundred reads
1 thousand reads
Ishrath Khan liked this
章雁峰 liked this
Moiziqbal liked this
Jatinder ghuman liked this
isinkaye liked this

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->