There are several strategies that can be used in place of game theory, including decision theory, behavioral economics, and complex systems theory. Decision theory focuses on identifying the best decision to make, given the circumstances. Behavioral economics considers the impact of psychological, cognitive, emotional, cultural and social factors on the decisions of individuals. Complex systems theory studies how relationships between parts give rise to the collective behaviors of a system and how the system interacts and forms relationships with its environment.
Have you ever had to dissect a complicated business scenario and were confused as to where to begin,...
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