Game theory /
Game theory involves deliberating about what to do in light of what other people are likely to do. One of the central frameworks of game theory is the prisoner's dilemma, in which participants who make rational choices end up in suboptimal outcomes. Using the prisoner's dilemma to model co...
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| Format: | eBook |
| Language: | English |
| Published: |
Los Angeles, CA :
SAGE Publications, Inc.,
2023.
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| Online Access: | Connect to the full text of this electronic book |
| Summary: | Game theory involves deliberating about what to do in light of what other people are likely to do. One of the central frameworks of game theory is the prisoner's dilemma, in which participants who make rational choices end up in suboptimal outcomes. Using the prisoner's dilemma to model competition between firms sets the stage for a new and promising approach to business ethics: the market failures approach. |
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| Physical Description: | 1 online resource |
| ISBN: | 9781071909003 1071909002 |