Explain how does this apply in the audit setting

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Game theory "seeks to predict behavior based on an individual's best response given that individual's motivations and the individual's beliefs regarding the likely behavior" of others. A good example is the prisoner's dilemma. How does this apply in the audit setting?

Reference no: EM13127591

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Explain how does this apply in the audit setting : Game theory "seeks to predict behavior based on an individual's best response given that individual's motivations and the individual's beliefs regarding the likely behavior" of others. A good example is the prisoner's dilemma. Explain how does th..

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