What if you could predict your competitor’s next move before they even made it? Game theory gives you the tools to do just that. Have you ever noticed how a new product launched by one brand often ...

Explore how backward induction helps solve game theory problems by working from the end backward to determine optimal actions ...

Discover how the Centipede Game illustrates conflict between self-interest and mutual benefit, as well as why real-world ...

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 ...