As brilliantly visualized in the Disney-Pixar animated movie "Inside Out" (2015), emotions guide most of our actions, if not all. However, for a long time, economists did not pay much attention to ...

Game theory helps investors predict outcomes in markets where decisions impact each other. Understanding game theory equips investors to strategically anticipate market actions. Game theory-informed ...

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 ...

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 ...

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 ...

Cooperative game theory is often seen as a numbers-driven discipline rooted in mathematics. Yet beyond the equations lies a powerful framework, particularly in macroeconomics, for understanding how ...