000			01334nam a22001457a 4500
999			_c521310 _d521310
008			230104b ||||| |||| 00| 0 eng d
100			_aShankar, Dhanya K. S. _936504
245			_aExperimental economics and game theory: A case study
260			_aArtha Vijnana
300			_a64(3), Sep, 2022: p,297-311
520			_aGame theory is the formal study of conflict and cooperation. Game theoretic concepts apply whenever the actions of several agents are interdependent. These agents may be individuals, groups, firms, or any combination of these. The concepts of game theory provide a language to formulate structure, analyse, and understand strategic scenarios. Supermarkets are one such industry which is characterized by a narrow profit margin and cut throat competition which had necessitated the need for the formulation and implementation of strategic decision. This interplay of decision making is similar to that of a game. This game of strategy can be used to test the real world theoretical implications of game theory. Thus from this context there arises the need of a study to test the game theory against the experimental evidences of real world economy and the analysis of the implications of game theory in experimental economics.- Reproduced
773			_aArtha Vijnana
906			_aGAME THEORY
942			_cAR