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This textbook presents worked-out exercises on game theory with detailed step-by-step explanations. While most … textbooks on game theory focus on theoretical results, this book focuses on providing practical examples in which students can … to apply the tenets of game theory in many fields of business and economics. This text is appropriate for introductory …
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This study provides evidence from a laboratory experiment showing that managerial bonuses can affect adversely a manager’s subordinates. In our set up, managers compete to obtain a large bonus which depends partly on the effort exerted by their subordinates. Managers can suggest an effort...
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