Abstract
Game theory plays an important role in strategic decision making. Every business situation involves competition. In such situations, taking effective decisions is vital since it impacts the sales and consequently profit-earning potentials of the organization. In this chapter, we gain an insight into the world of game theory and terminologies associated with it. We will understand the different principles of game theory and its limitations. We will also classify games and discuss the associated strategies. There are ample illustrations with solutions that will help the reader grasp the concepts better.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsAuthor information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2014 Springer India
About this chapter
Cite this chapter
Srinivasan, R. (2014). Game Theory. In: Strategic Business Decisions. Springer, New Delhi. https://doi.org/10.1007/978-81-322-1901-9_6
Download citation
DOI: https://doi.org/10.1007/978-81-322-1901-9_6
Published:
Publisher Name: Springer, New Delhi
Print ISBN: 978-81-322-1900-2
Online ISBN: 978-81-322-1901-9
eBook Packages: Business and EconomicsBusiness and Management (R0)