Palgrave Encyclopedia of Strategic Management, Eds. Mie Augier, David J. Teece, ISBN 978-1-137-49190-9, Palgrave Macmillan UK, 2016
1 Pages Posted: 8 Jun 2017
Date Written: 2014
Game theory is the study of situations with multiple decision makers, and each player’s payoff depends on what other players do. A multistage game is one in which the decision makers make their decisions in multiple stages.
Keywords: Game Theory, Individual Rationality, Multiple Decision-Makers, Multiple Stages
JEL Classification: C72, C73
Suggested Citation: Suggested Citation