How does Game Theory effect Orthopedic device companies?

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In general, game theory is a mathematical framework used to analyze strategic interactions between players or decision-makers, where the outcome of one player's decision depends on the actions of others. In ortho device product development, game theory can be applied to understand the competitive and collaborative dynamics among various stakeholders, including companies, regulatory bodies, healthcare providers, and even patients.
Here's how game theory concepts apply to different aspects of ortho device product development:
1. Competition Among Companies
Ortho device companies often compete t...

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