The Contribution of Game Theory to Competitive Analysis The Contribution of Game Theory to Competitive Analysis Main value: 1.Framing strategic decisi
{"Image DocumentName": "The Contribution of Game Theory to Competitive Analysis", "Image ImageDescription": "Main value: Framing strategic decisions as interactions between competitors. Predicting outcomes of competitive situations involving a few, evenly-matched players. Some key concepts: Competition and Cooperation\u2014Game theory can show conditions. where cooperation more advantageous than competition. Deterrence\u2014changing the payoffs in the game in order to deter. a competitor from certain actions. Commitment\u2014irrevocable deployments of resources that. give creditability to threats. Signaling\u2014communication to influence a competitor s decision. Problems of game theory: Useful in explaining past competitive behavior\u2014weak in predicting. future competitive behavior. What\u2019s the problem? \u2014 Multitude of models, outcomes highly sensitive. to small changes in assumptions.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}