The same concept explains why it is difficult to raise voluntary ... of concepts and techniques in game theory. A related application in business economics is the design of incentive schemes.

Game theory looks a decision making in a social context where the outcomes are influenced by both our decisions and by the decisions of others. The tools of Game Theory can be used to better ...

Just how important is money? Few would deny that it plays a key role in the economy.­ During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the ...