What is game theory, Microeconomics

Assignment Help:

What is Game Theory? 

Game Theory is a mathematical method of decision-making in which a competitive situation is examined to verify the optimal course of action for an interested party, often used in political, economic, and military planning. It is also known as theory of games. 

 


Related Discussions:- What is game theory

Advertising budget, analyse the method by which a firm can allocate the giv...

analyse the method by which a firm can allocate the given advertising budget between different media advertisement?

Identify the basic postulates of economics, Question 1 Identify the basic...

Question 1 Identify the basic postulates of economics Question 2 Discuss the role of price mechanism Question 3 Explain the shape and application of Engel curve

Help, A monopolist faces the inverse demand for its output: p = 30 – Q The ...

A monopolist faces the inverse demand for its output: p = 30 – Q The monopolist also has a constant marginal and average cost of $4/unit. The government is seeking ways to collect

Marginal rate of substitution, The marginal rate of substitution (MRS) quan...

The marginal rate of substitution (MRS) quantifies the quantity of one good a consumer will sacrifice to get more of the other good. – It is calculated by the slope of the indif

#title.demand and supply ., a. Determine Australia’s market equilibrium ...

a. Determine Australia’s market equilibrium for TV sets. i. (1) What are the equilibrium price and quantity?

Current cropping pattern - crop patterns , Current Cropping Pattern: ...

Current Cropping Pattern: It is evident from these data that foodgrains constitute the most dominant  crop group that is cultivated in India. It is estimated that total croppe

Role of government in a market based economy, 1) What are the most importan...

1) What are the most important challenges that economists try to address? (2) What is the role of government in a market based economy?  (3) Who are the main economic players

Economics of exhaustible resources, Normal 0 false false fa...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Explain about sustainable development, Why might economic growth not be com...

Why might economic growth not be compatible with sustainable development? Define economic growth; enhance in national income during a time period. Explain sustainable developme

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd