Enlightenment of prisoner’s dilemma on book sales management system
Zhihong Liu
DOI: https://doi.org/10.59429/pmcs.v5i2.1758
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.
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