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Rationality

Game Theory Chess
Game Theory 

An Introduction To Game Theory: The Basics And Key Concepts

August 14, 2018October 24, 2020 Administrator 0 Comments Actions, Complete Information, Equilibrium, Game Theory, Games, Imperfect Information, Incomplete Information, Nash Equilibrium, Payoffs, Perfect Information, Players, Rationality, Sequential, Simultaneous, Strategy

Game Theory is the analysis (or science) of rational behavior in interactive decision-making. It is therefore distinguished from individual decision-making

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Recent Posts

  • Product Life Cycle: The Introduction, Growth, Maturity and Decline of a Product Category
  • Three Levels of Strategy: Corporate Strategy, Business Strategy and Functional Strategy
  • Fiedler’s Contingency Model of Leadership: Matching the Leader to the Situation
  • Hersey and Blanchard Situational Leadership Model: Adapting the Leadership Style to the Follower
  • Blake and Mouton Managerial Grid: A Behavioural Approach towards Management and Leadership
  • Crossing the Chasm in the Technology Adoption Life Cycle

Top Frameworks

  • Ansoff Matrix: How to Grow Your Business?
  • Porter’s Five Forces
  • Scanning the Environment: PESTEL Analysis
  • BCG Matrix: Portfolio Analysis in Corporate Strategy
  • SWOT Analysis: Bringing Internal and External Factors Together
  • VRIO: From Firm Resources to Competitive Advantage
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