Discover how game theory strategies improve decision-making in business, finance, and economics. Enhance your analytical skills with real-world applications.

In most negotiations, people assume success comes from persuasion or compromise at the table. But those who understand game theory know the real strategy starts long before the first conversation.

But what does game theory look like in practice? What kinds of ‘games’ fall under this concept, and how do they enhance our understanding of strategic behavior in real-life situations? In this article ...

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Game theory studies the decision-making and possible outcomes in games. For decades, it has been widely used in social and economic behavior analysis (but not only these areas). In our company, we’ve ...

As you start on this article,look around; you’re likely surrounded by poker players, if not one already yourself. What’s with this poker frenzy among traders? Adrenaline rushes aside, this seemingly ...

Playing with Reality: How Games Shape Our World. By Kelly Clancy. Riverhead Books; 368 pages; $30. Allen Lane; £25 In 1824 Prince Wilhelm of Prussia asked for a demonstration of an elaborate game he ...