Picture a subway car rolling through the city at rush hour. A passenger collapses in the middle of the aisle. Forty people see it happen. Forty people freeze. Everyone looks around, waiting for someone else to press the emergency button […]
The Volunteer’s Dilemma: When Everyone Wants Help But Nobody Wants to Help Read More »
Imagine a friendship where the first lie ends everything. No second chances. No explanations. No forgiveness. Just a door that closes and never opens again. This might sound extreme, even cruel. Yet this scorched earth approach to cooperation has a
Grim Trigger: When One Strike Means You’re Out Forever Read More »
Business executives love their euphemisms. When competitors slash prices, the boardroom buzzes with phrases like “aggressive pricing strategy” or “market repositioning.” The most popular dismissal? “It’s just a price war.” The phrase gets tossed around with a shrug, as if
“It’s Just a Price War” (No, It’s Bertrand Competition, and It’s Worse) Read More »
Picture two companies staring at each other across a market. One blinks first. The other watches, learns, and responds. Most people would bet on the second mover, the one with more information. They would be wrong. This is the strange
How to Calculate Your Competitive Edge Using the Stackelberg Model Read More »
Picture two lemonade stands on opposite corners of the same street. Each vendor watches the other, adjusting prices and production based on what they see across the asphalt. This scene captures something profound about how markets actually work that’s Cournot
Level Up Your Strategy: From Basic Economics to Cournot Competition Read More »
Picture two friends standing on opposite sides of town, phones dead, trying to meet up. One thinks they agreed on the coffee shop. The other is certain they said the bookstore. Both want nothing more than to see each other,
The Most Misunderstood Game in Economics (and Dating): Battle of the Sexes (Game Theory) Read More »