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The Game Theory rightly justifies that strategies, tactics and actions don´t depend only on rational optimizing behavior and competition in markets, rather these are strongly influenced by the possible behavior of others.
This theory has been analyzed by emblematic examples such as the prisoner's and the trolley dilemma, which apply to everyday situations.
The strategic essence and the principles of the Game Theory support the long-term engagement of the parts, in order to achieve the best possible agreement, combining this perspective with the integrative approach of negotiations (win-win).
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Title The Game Theory, Its Influence in Strategic Decision-Making
The Game Theory rightly justifies that strategies, tactics and actions don´t depend only on rational optimizing behavior and competition in markets, rather these are strongly influenced by the possible behavior of others.
This theory has been analyzed by emblematic examples such as the prisoner's and the trolley dilemma, which apply to everyday situations.
The strategic essence and the principles of the Game Theory support the long-term engagement of the parts, in order to achieve the best possible agreement, combining this perspective with the integrative approach of negotiations (win-win).
Work type Narrative, Essay
Tags game, strategic, game theory, decision-making, decision
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Registry info in Safe Creative
Identifier 1901019487792
Entry date Jan 1, 2019, 2:10 PM UTC
License Creative Commons Attribution-ShareAlike 4.0
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Author. Holder Rolando José Olivo Mata. Date Jan 1, 2019.
Information available at https://www.safecreative.org/work/1901019487792-the-game-theory-its-influence-in-strategic-decision-making
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Registration: 1901019487792
