1 Introduction In the last twenty ...

1 Introduction

In the last twenty years or in the same manner game theoretic approach has been gradually introduced into textbook of microeconomics, including business and managerial economics, at undergraduate as well as graduate flats when discussing the theory of oligopoly and other topics forward the behavior of multiple decision makers. mostly if not all, texts at the on a level of principles have covered simple 2x2 games. Popular one-shot games include the prisoner's dilemma, the battle-of-the-sexes, and chicken games. These games are mainly used as illustrative examples to interpret the general [i]or[/i] abstract notions of normal-form representation of a game, tactical interdependence in decision making, dominant strategy,