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Unformatted text preview: available to negotiators. One disadvantages of game theory is it relies on the ability to completely describe all options and outcomes for every possible combination of moves in a given situation- a tedious task at its best, infinitely complex at its worst. The other disadvantage is it requires all players consistently act in a rational manner....
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This note was uploaded on 10/06/2011 for the course ECON 101 taught by Professor Smith during the Spring '11 term at University of Arkansas – Fort Smith.
- Spring '11