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Outline the intellectual reasoning behind game theory. Refer to strategic game concepts such as the Nash premise, Nash equilibrium and Prisoners’ dilemma and then
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critically examine the extent to which they add value, if at all, to the economics of firm-specific behaviour.
its an essay for an exam question
please use the following books for reference
- Decoding strategies second edition for Patrick A. McNutt
2.Economics of Strategy sixth edition for Besanko
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