game theory assignment help

Game Theory assignment help

Importance of Game Theory in Economics

Economics is a subject which not just involves finance, but also optimal utilisation of resources and consumer behaviour. In depth study of all of these topics t hand can make you arrive at decisions which will be profitable for your organisation. Economics as a subject may be dry and boring for some students, while others may find various theories associated with it quite fun and interesting. For the latter, studying complex topics will be a walk in the park while…

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Game Theory: Definition, Example and Impact on Economics

What is Game Theory? Game Theory is defined as a framework which is used to see a hypothetical situation when you have to deal with several players. You can say, game theory is like the science of strategy which helps to determine the mind functionality of the player. Game theory is classified into two categories that are zero-sum and non-zero-sum. In the former one, the loss of one player leads to gain for another one. Whereas, in latter game theory,…

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