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Game Theory (Strategic Thinking In Everyday Life)
Part 1 of Paper
.... 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 more - or - less is what life is about, a series of choices and the
outcomes we are faced to live with as a result of our .... Part 2 of Paper
....e 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 player has and diagram the outcomes.. Game theory is something that
to some extent all of us have experience .... |
| Number of words: 380 - Approximate pages: 2 |
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