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Game theory in casinos

Game theory in casinos m resort hotel and casino The first use of game-theoretic analysis was by Antoine Augustin Cournot in with his solution of the Cournot duopoly. Such far-sighted players can escape the dilemma in PD—as well as poor outcomes in other variable-sum games—provided play does not begin noncooperatively. The decisions by A and B on this issue determine the percentage of the theoey that each party receives.

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