Game Theory in Strategic Management
Abstract
Game theory provides a formal language for describing conscious,
goal-oriented, decision-making processes involving one or more players, where
there is an interdependence of outcomes. This paper seeks to explore the poten-
tial of using game theory in strategic management. From the presented review
of the current literature, the paper illustrates that the strength of game theory
in strategic management lies in its ability to provide insights into competitive
environments and strategies.
Description
Game Theory in Strategic Management
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