Roy, Subhadip - In: The IUP Journal of Managerial Economics III (2005) 4, pp. 46-53
The development of game theory is relatively new. It was developed in the 1940s by a Hungarian mathematician named John Von Neumann and later, further developed by John Nash in the 1950s. Game theory has been extensively used in the fields of Economics, Finance and Strategy. However, till date...