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Game theory

Game theory: Managerial Economics
Game theory: Managerial Economics

Game theory describes the moves and countermoves between two parties who try to optimize their own result. A good example are price wars. In price wars, competing firms undercut each other’s prices, often to the point where none of them makes any profit and some go bankrupt. A better understanding of Game Theory helps decisions makers to strategize better than their competitors.

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Skill Level Intermediate
1h 20m
Duration
15,106
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Skills covered in this course
Business Accounting Management Leadership

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