Economic and other rational decision making involves choosing one of the available actions for the environment that the decision maker is facing, given his or her objectives. Rational decision making and the subsequent choice of action depend on these two primary factors. Economics of strategy is concerned with how a rational decision maker's behavior in choosing an action can be explained by logical and strategic reasoning. A simple decision problem can be viewed as the simplest strategic problem, when there is only one agent for a given environment. Many economic problems, however, involve multiple decision makers. Our primary goal in economics of strategy is to provide a systematic analysis of how each decision maker behaves and how the strategic logics ...
Economics of Strategy
Economics of strategy