what are the games being played in game theory 
game theory tries to explain the strategic actions of two or more players in a given situation with set rules and outcomes while used in several disciplines game theory is most notably used in the study of business and economics the games may involve how two competitor firms will react to price cuts by the other whether a firm should acquire another or how traders in a stock market may react to price changes in theoretic terms these games may be categorized as prisoner s dilemmas the dictator game the hawk and dove and bach or stravinsky 