February 2016
Beginner to intermediate
500 pages
33h 40m
English
Content preview from Managerial Economics and Strategy, 2/e
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12 Game Theory and Business Strategy
A camper awakens to the growl of a hungry bear and sees his friend putting on a pair of running shoes. “You can’t outrun a bear,” scoffs the camper. His friend coolly replies, “I don’t have to. I only have to outrun you!”
Learning Objectives
Use game theory to analyze oligopoly markets.
Identify the different types of Nash equilibria.
Describe the role of information and rationality in game theory.
Determine the outcome of a bargaining game.
Use game theory to bid optimally in auctions.
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.