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What is the Game Theory
NM136045 • November 3, 2023
What is Game Theory? Are you winning ?
It’s a mathematical framework for predicting social situations between competing players, or in this case, businesses.
Seeing finance as a rational economic game, predictions can be made around how companies act and the outcomes of these actions.
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Utilising game theory can help shape decision-making for businesses, weighing up the payoffs and benefits of a particular outcome.
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