Your business – a change of perspective by using game theory
Game theory is a scientific, economic tool to analyse decision-making situations in business
From buying a car to global politics, game theory is a stunningly effective tool because it is based on mathematical theory of rational behaviour in conflict situations. It can therefore be applied to any interaction between decision makers who undertake business in competitive situations.
As the term ‘game theory’ suggests, these interactions are modelled as a ‘game’. The decision makers are players that act within defined rules and try to maximise their respective outcomes of this game. This is where TWS Partners bring together theory and practice. Using game theory we analyse and structure your problem and offer viable and promising solutions.