Game Theory (Strategic Thinking In Everyday Life)
Beginning of 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 mo ....
Middle of paper
.... 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 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 theor ....
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Word count: 380
Page count: 2 (approximately 250 words per page)
