Knowing the other player’s preferences and choices is essential to determine the greatest benefit of one’s own choices.
Ever wondered what a game theorist’s subconscious may look like?
Even bank robbers can turn a hopeless situation to their advantage by using game theory.
What do Boris Johnson and Donald Trump have in common, except for interesting haircuts?
...and how she used the subtle power of agenda setting “What’s for dinner?” is a question that can be heard around the world on a daily basis, often asked after a hard day(‘s night) with urgency in anticipation of some delicious culinary delights. And yet, the issue of what’s for dinner is never more important than on...
In negotiations about prices and salaries, it is best to act first to set a reference point. The other party must then negotiate starting from your reference point. This is straight forward in bilateral negotiations, but what happens if a negotiation involves three parties?