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Game Theory (Strategic Thinking In Everyday Life)
Beginning of Essay
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 questi .... Middle of Essay .... is meant by
"rational behavior or interdependance?" Rational behavior in game theory is the
assumption that moral critique aside, the players in the game will act in a way
which provides them with the greatest benefits.. Interdependence is the idea
that what one player does will directly affect the other and vice -versa. By
players I am talking about any two interdependant variables, whether they be
people, countries, animals etc. Game theorist take apart a situation involving
two players and systematically analyze their objectives and their potential
outcomes. In doing so they are able to create models which replicate the basic
motives each play ....
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Words: 380 - Pages: 2
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