Thinking Strategically

How do businesses make smart decisions, especially when they are competing against other businesses that offer similar products? Are professional poker players just really lucky, or is there a skill they have that gives them an advantage over other players? A field of economics, known as game theory, is what is at play in answering … Continue reading Thinking Strategically

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Freakonomics

Freakonomics by Steven Levitt and Stephen Dubner, is a very popular book, not just among economists, but the public as a whole. While this book doesn't necessarily delve deeply into economic theory or issues, it does have a very unconventional view on numerous topics. Steven and Stephen pose questions such as, "what do schoolteachers and sumo … Continue reading Freakonomics