Game theory has revolutionized economics research and teaching
during the past two decades. There are few undergraduate or
graduate courses in which it does not form a core component. Game
theory is the study of multi-decision problems and such problems
occur frequently in economics. Industrial organization provides
many examples where firms must consider the reactions of others.
But there are many other areas in which it is applicable - from
individual workers vying for promotion to countries competing or
colluding to choose trade policies.
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