Conclusion

Christoph Pfeiffer ()
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Christoph Pfeiffer: Competitio Consulting GmbH

Chapter Chapter 8 in Game Theory - Successful Negotiation in Purchasing, 2023, pp 131-131 from Springer

Abstract: Abstract “Theory without practice is empty, practice without theory is blind.” Game theory is the mathematics of strategic interaction. Human behavior is not completely predictable, but the interplay of game theory and practice has created applications that provide clear value to their users. In practical situations, an elaborate mapping of utility functions, as is common in economics, is often not feasible. Rather, it is a matter of applying the principles of game theory and economics.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-658-40868-8_8

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DOI: 10.1007/978-3-658-40868-8_8

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