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Game Theory

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Game Theory Definition

Game theory is the formal study of decision-making where several players must make choices that potentially affect the interests of the other players (Turocy & von Stengel, 2001). It is "the formal study of conflict and cooperation ... The concepts of game theory provide a language to formulate, structure, analyse and understand strategic scenarios" (Ibid: 4).

Game Theory Description

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Game Theory Examples

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Game Theory Implementation

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Game Theory Strengths

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Game Theory Weaknesses

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Game Theory Value Focus

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Game Theory Life Cycle

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Game Theory Sector Focus

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Game Theory Web resources

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Game Theory Print resources

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Game Theory References

  • Binmore, K. (1994) Toward a History of Game Theory, Annual Supplement to the History of Political Economy, Economica Vol. 24, New Series, Vol. 61(241), pp.118-119.
  • Brandenburger, A M. and Nalebuff B. J. (1995) The Right Game: Use Game Theory to Shape Strategy, Harvard Business Review, July – August, pp. 57- 71.
  • Erhun, F. and Keskinocak, P. (2003) Game Theory in Business Applications. Available at: www.stanford.edu/~ferhun/paper/GT.pdf
  • Ghemawat, P. (2002) Games at Work: Using Game Theory for Business Strategy, Leading Research, Harvard Business School, Quarterly Report on Research, Vol. 2 (1).

There are up to fifteen original source references used to write the overview of Game Theory. Please log in or subscribe to view the original source material our researchers used to write about this concept.

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Get the knowledge that you need on Game Theory, get it quickly. From Game Theory definition, description to lifecycle and value focus. Find out strengths and weaknesses with Game Theory examples and case evidence. Need more than just an overview of Game Theory? KnowledgeBrief have approved resources on the internet and in print on top of the list of up to 15 references used to write our concept overview

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