ABSTRACT
This chapter discusses two strong implications for the role of Game Theory in management: Game Theory's capability in the realm of predicting likely strategies - mixed or pure to adopted by participants in an economic environ should be considered severely restricted. Its ability to support specific narratives on why things went well or poorly for the organization, in an economic sense, deserves stricter scrutiny than is often afforded, especially when the logical connection between facts and narratie based solely on modus ponens. The implications for Game Theory in economics are numerous - myriad, even. The maximum and minimum payoff strategy also represents a subgame perfect Nash Equilibrium, meaning that, mathematically speaking, the 99-1 payoff strategy is strongly consistent with Game Theory predictive models. The very title of Von Neumann's book, Theory of Games and Economic Behavior, implies an attempt to set boundaries on the available payoffs in Game Theory by specifying that the subject matter is restricted to 'economic behavior'.
