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Introductory Game Theory and Economic Information

In: New Perspectives on Industrial Organization

Author

Listed:
  • Victor J. Tremblay

    (Oregon State University)

  • Carol Horton Tremblay

    (Oregon State University)

Abstract

Strategic decisions are an integral part of our daily lives. Game theory provides a foundation for analyzing strategy, and as such, is a vitally important subject. At work, you may need to decide whether it is worth it to put in extra hours to earn a bigger bonus than your colleagues. Strategic decisions are especially common in competitive games, such as chess, tennis, football, and the TV show Survivor. These are considered games because strategic interaction is important to success. That is, to decide your best course of action, you must consider how others are likely to behave. Two examples make this point clear.

Suggested Citation

  • Victor J. Tremblay & Carol Horton Tremblay, 2012. "Introductory Game Theory and Economic Information," Springer Texts in Business and Economics, in: New Perspectives on Industrial Organization, edition 127, chapter 0, pages 55-100, Springer.
  • Handle: RePEc:spr:sptchp:978-1-4614-3241-8_3
    DOI: 10.1007/978-1-4614-3241-8_3
    as

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