Created by Saurabh Sardana | Published 6/2021
Duration: 1h 58m | 6 sections | 6 lectures | Video: 1280x720, 44 KHz | 2.567 GB
Genre: eLearning | Language: English + Sub

Game Theory and its Applications in real Business situations through interesting examples and Numericals based on real life situations.

Game Theory and its Applications

No Prerequisites as such because the instructor has taught the entire concept from the scratch and its a skill which everyone should learn and implement . Even the smallest of startups and Entrepreneurs would benefit if they know game theory and know how different firms react and cheat to capture the market.

Game theory is a theoretical framework for conceiving social situations among competing players. In some respects, game theory is the science of strategy, or at least the optimal decision-making of independent and competing actors in a strat setting.Game theory is a theoretical framework to conceive social situations among competing players and produce optimal decision-making of independent and competing actors in a strat setting.Using game theory, real-world scenarios for such situations as pricing competition and product releases (and many more) can be laid out and their outcomes predicted.Scenarios include the prisoner's dilemma and the dictator game among many others.The Basics of Game Theory

The focus of game theory is the game, which serves as a model of an interactive situation among rational players. The key to game theory is that one player's payoff is contingent on the strategy implemented by the other player. The game identifies the players' identities, preferences, and available strats and how these strats affect the outcome. Depending on the model, various other requirements or assumptions may be necessary.

Game theory has a wide range of applications, including psychology, evolutionary biology, war, politics, economics, and business. Despite its many advances, game theory is still a young and developing science.

Who this course is for:Any one who wishes to learn decision making using logical reasoning , market analysis through systematic Calculations.






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