Briefly describe the background of game theory

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Reference no: EM132134396

1. Briefly describe the background of game theory

2. On page 58, it states "Successful business strategy is about actively shaping the game you play, not just playing the game you find." Evaluate this statement.

3. Explain how game theory can reflect win-win strategies.

4. Is game theory still relevant to today's business world? Have the five elements changed?

5. In addition to your own research, relate the answers to any of the two articles we have examined so far.

Reference no: EM132134396

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