In the face of modern science, researchers are facing a problem of the level to which the humanity of their approaches must extend. When it comes to solving ethical dilemmas, the vast majority of them tends to be concentrated on value placed on lives of humans as opposed to the value placed on lives of animals. There is a distinct separation between those who believe that animal drug testing should be banned, those who believe that it is often the main way of estimating the safety of drugs used, and those who choose to fall in-between and prefer finding ...
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Every game theory model includes players, strategies and payoffs. The players are the decision makers whose behavior we are trying to explain and predict. Strategies are the potential choices to change prices. The pay- off is the outcome or consequence of each strategy. A zero sum game is the one in which the gain of one player comes at the expense and is exactly equal to the loss of the other player. The Nash equilibrium is a situation in which each player chooses an optimal strategy given the strategy chosen by the other player. In this game where there ...
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