Answer the following questions in your own words
The “Prisoner’s Dilemma” was the gateway to the strategic viewpoint of game theory. In this assignment, you will explore the applications of game theory to economic business decisions.
Use the following information to ensure successful completion of the assignment:
- Include two scholarly resources other than those in the assigned readings with appropriate references and in-text citations
- Prepare this assignment according to the APA guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
In a paper of 1,750-2,000 words, discuss how game theory is being applied to business decisions. Include the following:
- A brief overview of game theory.
- A description of the economic implications of game theory.
- A description of how game theory is being applied in making business decisions.