Strategic Management - Game Theory (Prisoner’s Dilemma) | From A Business Professor
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What you'll learn
Understand the principles and frameworks of strategic management
Apply internal and external analysis tools such as VRIO and PESTEL
Evaluate business strategies through real world examples and models
Develop skills in strategic decision-making and leadership
Game theory is one of the most powerful tools for analyzing strategic decision-making in a variety of business contexts. It provides a framework for modeling the interactions between decision-makers, or players, and predicting their behavior in different scenarios. So what is game theory? Are there some classic examples? Who developed it and how to apply it in the business world? In this video, I will discuss these questions with you.
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