Decision Sciences
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Game theory revolutionizes economics, shaping future strategies and decisions.

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The Journal of Economic Perspectives
Game Theory in Economics and Beyond
Larry Samuelson

Paper Summary

Game theory was once a niche field in economics but is now widely used. Economists from various backgrounds contribute to game theory, which is now a standard tool in economics. Challenges include dealing with multiple equilibria and integrating noncooperative and cooperative game theory.

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