Enlightenment of prisoner’s dilemma on book sales management system

  • Zhihong Liu
Keywords: Prisoner’s dilemma; Book sales; Economic management; Nash equilibrium

Abstract

prisoner’s dilemmas is a representative example of game theory in game analysis. It reveals why two perfectly rational individuals may not cooperate, even if it is in their best interests to do so. Taking the price competition between British bookstores as an example, this paper expounds the Enlightenment of relevant game theory on the construction of modern book sales management system through the game theory of management economics such as prisoner’s dilemma.

References

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Published
2024-02-26
Section
Articles