Game theory help improve the outcomes for the decision maker

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Reference no: EM13798730

Think of a strategy pursued by the company your work for or another company. How can game theory help improve the outcomes for the decision makers? Explain whether simultaneous-move, repeated-move, or sequential-move games are most applicable in the company you chose. Are there incentives for collusion in the company you chose? Should a random strategy be used? What differences in outcomes might you expect if the decision maker uses game theory when developing strategies?

Reference no: EM13798730

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