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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Human Behavior

Why do we make the choices we make, even if they may seem irrational to an outsider watching us make them? What defines irrational behavior?  Can the choices we make be radically changed just by the smallest tweaks in how information is presented to us? These questions all fall under the field of economics known … Continue reading Human Behavior