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Multiple Fields Have Contributed to Study and Application of OB

question 42

Essay

Multiple fields have contributed to study and application of OB.Identify these fields and their contributions.


Definitions:

Zero-Sum Game

A game theory concept where one participant's gain or loss is exactly balanced by the losses or gains of the other participant(s).

Negative-Sum Game

A situation in which the total losses incurred by the participants are greater than the total gains.

Strategic Game

A situation or model in game theory in which players make decisions by strategically considering the choices and payoffs of other players.

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