Monthly Archives: July 2007
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Prisoner’s dilemma in long term supplier relationships
Posted on July 1, 2007 by hudgeon in VendorManagementThe games played by game theorist don’t exist in the real world. The assumption is that each player is motivated solely by their stated payoffs whereas in real life we are motivated to do more than maximise our material rewards. Sometimes we are motivated to maximise other’s rewards or the total rewards available to all [...]
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