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Essay

Coevolutionary Gaming Theory Can Facilitate Decision Making

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Kelly M

 

Date added:

March 16, 2011

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 968

 

Was viewed:

9530 times

 

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Essay content:

Plans and decisions made using this "vacuum" process are characteristically shortsighted at best, because they normally do not take the impact of the counterplans and actions that could possibly be taken by the affected parties into consideration. A decision taken based on available data could turn out to be worse than just maintaining the status quo if reactionary moves are considered...
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A simple but good example of this is the decision of a market newcomer to implement price reductions in order to grab market share. Based on available data, it seems so simple a decision to just cut prices since this is probably what the data will say. However, this decision erroneously assumes that the market share leaders will just do nothing...
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General issues of this essay:
on point A Job Or A Point The Context of Decision Making at Whole Foods Market To What Extent Can Decisions About Operations Really Be Strategic From The Firm’S Point Of View? West Point Market Who Determines The Prices Of Goods In Market? Government Or Free Forces Of Market Point By Point Comparison Paper Rosencrantz and Guildenstern are making a point Cedar Point Coevolutionary Gaming Theory Can Facilitate Decision Making Decision Making under Time prssure The States' Failure to Support Higher Education What is the point Non-point pollution Automotive Sales And Gas Prices
 

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