The one similarity shared by the U.S. China Trade War, OPEC negotiations, and two burglars separated in jail is the Prisoners’ Dilemma.
Confirming that economics relates to almost everything, game theory can explain yesterday’s women’s World Cup semifinal penalty kick save by the U.S. team.
The success of a decision to use Waze, Google Maps, and other mapping apps to avoid traffic can depend on outsmarting the prisoner’s dilemma.
Whether looking at an art heist, government shutdown negotiations or a soccer shootout, game theory can explain people’s behavior.
We can use economic game theory to understand the decisions made by kickers and goalies during World Cup penalty shootouts.
Planning their surcharge policy for the holiday shipping surge, UPS and FedEx each was influenced by the Prisoners’ Dilemma.
Our everyday economics includes externalities, branding, monopolistic competition, sovereign debt, game theory, elasticity, taxes, markets and the glass ceiling.
For insight on how Greece and Germany handle the prisoner’s dilemma as they negotiate Greek debt, we can compare their differences and eurozone loyalty.
Retailers face the prisoners’ dilemma when deciding whether to keep next day shipping guarantees on December 23rd because a decision relates to what others do.
Why do H&M and Gap disagree? While European retailers like H&M (biggest Bangladesh garment buyer), Benetton, Marks & Spencer and Carrefour will act to together to elevate Bangladesh factory safety standards, US firms like Gap, Wal-Mart, J.C. Penney and Target…