Game Theory and Business Strategy

Cooperation Game | Bargaining Game | Business Strategies | Case Study

Why Game Theory Important to Business Today?

Game theory studies strategic situations where players choose different actions to maximize their returns. Economists have used game theory to analyze a wide array of economic phenomena, including bargaining, duopolies, auctions, and they have developed strategic thinking.

Strategic thinking is the art of outdoing an adversary, knowing that the adversary is tyring to do the same to you. Corporations and businessmen must use good competitive strategies to anticipate their rivals' resonses and to survive in competitions.

This website on game theory begins by analyzing the game theory approach to business strategy. It also navigates various games and strategies with illustrations and case studies.