Game Theory Times
Dynamic InconsistencyEditors Pick
The ‘Sophisticated’ vs. ‘Naïve’ Mindset: Which One Are You? (Dynamic Inconsistency)
AppeasementEditors Pick
Appeasement Paradox: When Being Nice Makes Everything Worse According to Game Theory
Editors PickGame Theory
Why Being 100% Committed to One Strategy Is 100% Wrong (Mixed Strategy)
Editors PickGame Theory
Why Two Peaceful Nations Still End Up Fighting (Hobbesian trap)
Aumann's Agreement TheoremEditors Pick
The Nobel Prize for Proving Rational Disagreement Can’t Exist (Aumann’s theorem)
DeadlockEditors Pick
The Psychology of ‘Better Safe Than Sorry’ (and How it Creates Deadlock)
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Game Theory Tactics
Why Minimax Is the ‘First Principle’ of Rational Decision Making
Picture a chess grandmaster staring at the board, twenty moves deep into a game. Every piece movement branches into countless ...
Is Backward Induction the Most Powerful Tool in Game Theory?
Picture a chess grandmaster staring at the board, eyes glazed over in concentration. What separates them from an amateur isn’t ...
Never Be the Sucker: Apply Tit for Tat Effectively (Game Theory)
In the complex dance of human interaction, there’s a primal fear that keeps us awake at night: the fear of ...
Cooperative & Non-Cooperative Games
The Volunteer’s Dilemma: When Everyone Wants Help But Nobody Wants to Help
Picture a subway car rolling through the city at rush hour. A passenger collapses in the middle of the aisle. ...
Grim Trigger: When One Strike Means You’re Out Forever
Imagine a friendship where the first lie ends everything. No second chances. No explanations. No forgiveness. Just a door that ...
Why Matching Pennies Has No Pure Strategy Solution
Two children sit across from each other at a worn kitchen table, each clutching a penny. The rules are simple. ...
“It’s Just a Price War” (No, It’s Bertrand Competition, and It’s Worse)
Business executives love their euphemisms. When competitors slash prices, the boardroom buzzes with phrases like “aggressive pricing strategy” or “market ...
Repeat & One-Shot Games
Ultimatum Game: Where Being Greedy Guarantees You Get Nothing
Picture two strangers sitting across from each other. One holds ten crisp dollar bills. The other holds something far more …
Never Be the Sucker: Apply Tit for Tat Effectively (Game Theory)
In the complex dance of human interaction, there’s a primal fear that keeps us awake at ...
Beyond One-Shot: What Happens When Games Are Played Over and Over?
In the neat, tidy world of classical game theory, many scenarios unfold in a single moment. ...
Complete & Incomplete Information
The Difference Between Poker and Chess: Complete vs. Incomplete Information
In the world of strategic games, few comparisons are as instructive as that between poker and chess. Game theory allows …
Notable Games
Game TheoryHierarchy of Beliefs
Poker, War, and Wall Street: The Hierarchy of Beliefs in Action
The poker player stares across the felt. The general studies the terrain map. The trader watches the ticker. Three different ...
Game TheoryPerfect Recall
What Happens When You Never Forget a Move? (Perfect Recall)
Picture a chess grandmaster who remembers every game they ever played. Every opening trap, every middle game blunder, every endgame ...
Game TheoryMixed Strategy
Why Being Unpredictable Is Worth More Than Being Right (Mixed Strategy Game Theory)
The best move in any game is often the one nobody sees coming. Not because it’s brilliant, but because it’s ...