Perspective on the use of game theory
1. Read “7 Easy Ways to Use Game Theory to Make Your Life Better,” by Duronio. Reflect on your personal life experiences. Discuss a instance in your life in which you used game theory to earn or save money. Did you realize you were implementing game theory in the situation? How did the outcome benefit you at that moment and in the future?
2. Using the Topic Material “Game Theory,” discuss your perspective on the use of game theory. How do “Nash equilibrium” and the idea of one “player” impacting another “player” within an organization affect the economic decisions and growth of an organization?