Question: Game theory seeks to predict behavior based on an individual's best response given that individual's motivations and the individual's beliefs regarding the likely behavior

Game theory "seeks to predict behavior based on an individual's best response

Game theory "seeks to predict behavior based on an individual's best response given that individual's motivations and the individual's beliefs regarding the likely behavior" of others. A good example is the prisoner's dilemma. How does this apply in the audit setting?

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In the context of auditing game theory can be applied to understand the dynamics between auditors and the entities they audit The auditorentity relati... View full answer

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