Analyze the behavior of decision makers

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Discussion 1

Game theory is a mathematical technique used to analyze the behavior of decision makers. Explain why economists use game theory. Give an example of a game theory that illustrates a case where individually rational behavior leads to a jointly inefficient outcome. Explain under what condition oligopoly firms may find themselves in a prisoner's dilemma.(150-250 words)

Discussion 2

If you were going to send a colleague to India, what specific types cultural training would you recommend? .(150-250 words)

Reference no: EM132246387

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