Companies may use game theory to determine the Nash Equilibrium and see the benefit in their budgeting or pricing strategies. Game theory is the study of how and why players make decisions.

"If Nash got a dollar for every time someone wrote or said 'Nash equilibrium,'" Dixit has said, "he would be a rich man." Game theory studies interactive decision-making, where the outcome for ...

Ethiopia’s dual engagement epitomizes the “paradox of weakness” in realist theory: smaller states, seeking autonomy through diversification, often become more vulnerable. The dual-bloc strategy has ...