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Week 3 Discussion – Game Theory and Segmentation
Read the article, Game TheoryLinks to an external site.. In the article, the authors discuss a classic case of game theory (zero-sum games) of the Prisoner’s Dilemma (PD). There are many variations of this game in use.
Suggest how organizations could apply PD to their businesses’ strategy formulation, diversification strategy, and industry analysis fundamentals. Present evidence and provide support for your response to strengthen your position