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GAME THEORY AND IT’s APPLICATIONS

Task Description: (Word limit - 2000)

Identify a real world environment that is suitable for an analysis using game theory (strategic interdependence). Model that environment as a game. Select the appropriate tools of game theory and use them to analyse the environment. Consider what we learn from taking a game theoretic approach to analyzing the setting. Critically evaluate the use of game theory in decision making.

This is a continuation of your learning...apply the ideas to a setting you know. Don’t try to cover everything. Explain how you have abstracted from the real world setting to model it as. . .

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