On the Relevance of Game Theory in Strategic Thinking

G.N. Engelbrecht

Abstract


The author reviews some of the applicable literature and shows how game theory can be used to predict the outcome of a strategy, explain why a particular outcome to a strategy has occurred, investigate strategy and prescribe certain rules for the making of a strategy. He concludes that game theory can aid decision makers at all levels in formulating quality strategies. In fact, game theory should be an integral and indispensable part of the strategist's toolbox.


Keywords


predict the outcome of a strategy; Game Theory in Strategic Thinking; formulating quality strategies; strategist's toolbox

Full Text:

PDF


DOI: https://doi.org/10.5787/29-0-187

Refbacks

  • There are currently no refbacks.




Copyright (c) 2018 G.N. Engelbrecht


ISSN 2224-0020 (online); ISSN 1022-8136 (print)

Creative Commons License -CC BY-NC-ND 4.0


Powered by OJS and hosted by Stellenbosch University Library and Information Service since 2011.


Disclaimer:

This journal is hosted by the SU LIS on request of the journal owner/editor. The SU LIS takes no responsibility for the content published within this journal, and disclaim all liability arising out of the use of or inability to use the information contained herein. We assume no responsibility, and shall not be liable for any breaches of agreement with other publishers/hosts.

SUNJournals Help