What Are Some Types of Games Analyzed in Game Theory

question 67

Essay

What are some types of games analyzed in game theory? Briefly describe three types of games used by economists.

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Definitions:

Countries

Nation states defined by geographical boundaries and governance.

IFRS

International Financial Reporting Standards, a set of global accounting standards for the preparation of public company financial statements.

International Financial Reporting Standards

A set of accounting standards developed by the International Accounting Standards Board (IASB) that aim to make international financial reporting transparent and comparable.

SME

Refers to small and medium-sized enterprises, which are businesses with a limited number of employees and revenue, playing a significant role in the economy.