How can the game theory affect the way of negotiating?

Type :

Presentation

Pages :

2 pages

Format :

.doc

Published date :

01/15/2009

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Table of Contents How can the game theory affect the way of negotiating? Table of Contents

 
  1. Introduction.
  2. The game theory.
  3. The possible use of these theories in negotiation.
  4. Conclusion.
  5. Bibliography.

Abstract

The theory of the games is a very huge theory. In fact, this theory is enclosing very different sectors as economics, rationality and mathematics with probabilities. Let's explain a little bit what this theory is, which are the main authors and what is its future evolution. In a second part, we will try to see how these theories can be used in negotiation.
The first author in the game theory is Zermelo (1912). This mathematician introduces the modelling of how a game can finish. It is said like that: "Playing chase, the white player can win, the black player can win or both can be sure to make a draw." This theory is completely basic and logic for us today.We had to wait 16 years to see the next theory to appear with Von Neumann and the theory of the MINIMAX. This one is more developed, using the probabilities and saying you can find the best solution for both players.

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