Tuesday, June 23, 2009

Game theory is really interesting

I just learned about it the other days. It is kind of like the butterfly effect but a little different. Basically game theory says that the success of one person in a business depends highly on the success and choices made by the other people in that business and other businesses. It is pretty accurate I would assume. If someone makes a decision to sell something to you at a higher price than you will be making less money and in turn will have your success in that business not be as good as it could have at the lower price. I just thought it was really interesting.



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