Business owners will often set individual goals to motivate employees and reach company objectives. Goals that are hard to reach are often more intriguing, as more work is required to fulfill them.

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

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 ...

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 ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Dingli et al report the use of evolutionary game theory to improve our understanding of cancer dynamics. They study the interaction between malignant and normal cells in a multiple myeloma (MM) model ...