Purpose
This assignment is intended to help you learn to do the following:
Identify the different components of game theory and how it can be applied to the managerial decision making process within a healthcare situation.
Discuss the sources of potential risks for the industry and the recommended strategies for risk management when developing a game theory payoff matrix.
Action Items
1)Identify and read at least 2-3 resources relevant to the discussion question. You may want to access:
The Henry J Kaiser Family Foundation (Links to an external site.) website
The Healthcare MBA Research Guide (Links to an external site.)
2)Respond to the following prompt by 11:59 p.m. on the due date indicated. Each initial post should be 200-250 words.
Develop a game theory scenario to a real world problem or decision making situation within the healthcare industry in which game theory analysis could be applied. Describe the possible outcomes or measurement factors that could be used to develop the payoff matrix in game theory. How would a specific health risk of a particular outcome play a role in developing possible outcomes within the decision making process?
3)Include a reference list at the end of your post.
