Why Game Theory is Not About Competition

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Every decision you make is a game. You just don't know the rules yet.When you negotiate a raise, you're playing a game. When you decide whether to trust someone, you're playing a game. When you choose a lane in traffic, pick a side in an argument, or figure out whether to coopera ...  Show more

One of the most fascinating areas of mathematics and economics is game theory.  Game theory involves analyzing competitive situations where multiple participants make interdependent decisions. In other words, the result will depend not just on what you decide but on what someone ...  Show more

Melvyn Bragg and his guests discuss game theory, the mathematical study of decision-making. First formulated in the 1940s, the discipline entails devising 'games' to simulate situations of conflict or cooperation. It allows researchers to unravel decision-making strategies, and e ...  Show more

Jeffrey Carpenter and Andrea Robbett's book Game Theory and Behavior (MIT Press, 2022) is an introduction to game theory that offers not only theoretical tools but also the intuition and behavioral insights to apply these tools to real-world situations. This introductory text on ...  Show more