Game theory helps in achieving business goals by providing a strategic framework to understand the behavior of competitors and make optimal decisions. It allows businesses to anticipate the actions of their competitors and plan their strategies accordingly. This can lead to better negotiation outcomes, pricing strategies, and overall competitive advantage. It's about understanding the 'game' of business and making the best moves based on the actions of others.
Have you ever had to dissect a complicated business scenario and were confused as to where to begin,...
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