Question
The slide Game Theory mentioned that individuals or organizations apply strategies to achieve an outcome to their benefit. The assumption is that all players pursue
The slide "Game Theory" mentioned that individuals or organizations apply strategies to achieve an outcome to their benefit. The assumption is that all players pursue profit-maximizing strategies and expect competitors to do the same. Does the game theory make falsifiable predictions? If so, does that mean the game theory is wrong?
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Microeconomics
Authors: Robert Pindyck, Daniel Rubinfeld
8th edition
978-0132870436, 132870436, 013285712X, 978-0133371178, 133371174, 978-0132857123
