Game theory significant and can it predict economic actions

Reference no: EM13683904

The concept of game theory is one I find intriguing. Its relationship to economics was not understood until the last decade and now the bulk of the Nobel economics prizes have been awarded for behavioural economics of which game theory is a component. Why is game theory significant and can it predict economic actions?

Reference no: EM13683904

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Game theory significant and can it predict economic actions : The concept of game theory is one I find intriguing. Its relationship to economics was not understood until the last decade and now the bulk of the Nobel economics prizes have been awarded for behavioural economics of which game theory is a component..

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