Skip to main content

This link is exclusively for students and staff members within this organisation.

Unauthorised use will lead to account termination.

Previous

Flat rate recovery

Next

WIKIPEDIA

Business and Economics

Game theory in the real world

Can you apply game theory to real-life situations? Neil Aitken has the answer

Most economics courses discuss game theory. Probably the most famous example is the prisoner’s dilemma, which is as follows:

The prisoner’s dilemma can be summarised thus:

Your organisation does not have access to this article.

Sign up today to give your students the edge they need to achieve their best grades with subject expertise

Subscribe

Previous

Flat rate recovery

Next

WIKIPEDIA

Related articles: