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Game Theory (Strategic Thinking In Everyday Life)
Part one of term paper
Game Theory (Strategic Thinking in Everyday Life)
Have you ever been faced with having to live with a decision you made knowing
that had you taken the time to analyze the outcomes you may have made a more
intelligible choice? Most likely the answer to that question was "yes". After
all that is more - or - less is what life is about, a serie ...
Part two of term paper ... is
but a game and it is our goal to win. The fundamentals of the "Game Theory will
provide us with the basic tools we need to succeed at this game.
What is Game Theory? Simply put, it is the study of rational behavior in
situations requiring interdependence. Wow! That seems like a pretty heavy
statement. Actually it is pretty straight - forward. What is meant by
"rational behavior or interdependance?" Rational behavior in game theory is the
assumption that moral critique aside, the players ...
Word count: 380 | Approximate pages: 2
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