Econ to the death

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Econ to the death 〰️


Game Theory EXplained

Game theory, “the science of strategy”, blends mathematics and economics. It shows how decisions are interdependent, and how that shapes choices, and therefore helps individuals, or entities referred to as players, including customers, competitors, or legislative bodies, find the optimal outcome for strategies and actions, whether that be for business, biology, philosophy, economics (duh!) psychology… or even warfare!

SEE ARTICLES BELOW.



Prisoner’s Dilemma:
Rational Yet Suboptimal Decision Making


Read


Stag Hunt:
Payoff Dominance vs Risk Dominance


Coming Soon