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In business, the game is referred to a situation of conflict and competition in which two or more participants as involved in the decision-making process in anticipation of certain outcomes over a period time. the participants are referred to players. A player may be an individuals or an organization.
This theory is competition makes the business compel to select the best strategy to survive in the business world. It has been proven that strategy taken by other organization or individual can dramatically affect the business outcome of our decision Today success businessman always makes a major decision considering the possible courses of available to an opponent involving in the business. so the game theory is a way to consider the impact of the courses of action of others on our strategies and outcome.
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