Question: Identify a strategic situation, where interdependence is involved, from your daily economic/social life, preferably from your work or business life. Analyse the situation and identify
Identify a strategic situation, where interdependence is involved, from your daily economic/social life, preferably from your work or business life. Analyse the situation and identify the strategies of the decision makers (Players). Represent the situation in a game-theoretic framework with a suitable pay-off matrix or game tree. Examine the situation (Game) from a strategic perspective and find out the likely outcomes and equilibrium (if any).
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