Game Theory

Read the article, Game Theory. In the article, the authors discuss a classic case of game theory (zero-sum games) of the Prisoner’s Dilemma (PD). There are many variations of this game in use.

  • Suggest the manner in which organizations could apply PD to their business’ strategy formulation. Provide support for your response.
https://www.econlib.org/library/Enc1/GameTheory.html

Read the article Drilling for Data 2020.

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  • Argue for or against this statement:
    • “A company should determine its goals and values before performing an industry analysis.”
      • Explain your reasoning. You may also use examples from other industries to support your response.

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