The person who most influenced strategic economic analysis and who developed modern game theory is Adam Smith.
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Q234: A Nash equilibrium represents the best outcome,
Q235: A Nash equilibrium concludes that a solution
Q236: A dominant strategy occurs when one player
Q237: An assumption underlying the Nash equilibrium is
Q238: One of the practical implications of the
Q240: In a prisoner's dilemma, the players each
Q241: The strategy that allows an organization to
Q242: The prisoner's dilemma game may be applicable
Q243: Prisoner's dilemma outcomes lead to higher prices
Q244: In game theory, repeated games can be
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