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Game Theory: Dr. Manoj Mishra
Game Theory: Dr. Manoj Mishra
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GAME THEORY:
• A game is a competitive activity in which
players contend with each other following a set
of rules. A game consists of elements such as
players, actions, information, strategies,
outcomes, payoffs and equilbria. The players
in the game are rival companies, hence the
decision makers in the organization take on
the roles of rival companies.
GAME THEORY:
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