Question: Decision making module Explain each part separately please. Explain the Game theory What are the components of Game theory What are applications of game theory

Decision making module

Explain each part separately please.

  1. Explain the Game theory
  2. What are the components of Game theory
  3. What are applications of game theory in decision making in organizations small to medium organizations
  4. Explain the importance of game theory in small to medium organizations
  5. Explain the terms 1) Rationality 2) Equilibrium in game theory
  6. How can game theory be used to improve organizations

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