Using Game Theory And Probability For Business
IntroBooks Team
IntroBooks
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About this ebook
Now for everyone to contemplate, here's a host of riddles-what should one do in a specific scenario? When penalty kick activity is repeated 10-15 times, which side will an individual incline towards to reduce the goals scored being the goalkeeper? Or where will one aim at for your scoring pattern to be maximized? What action would a player make if he has inferences about kicker and goalkeeper from precedence that occurred in the past? That is a tough call.
This is where people will apply game theory and an aura of probability to draw a logical conclusion that meets individual interests:
· Game Theory must take into account all the big data during decision making.
· It would explain the reasoning behind the decision it implies, and the source of the decision is right in front of a concerned person.
· Teams should realize why and how the decision has been made using probability and game theory.
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