The flow we call life consists endlessly of making decisions. When making choices, we mostly assume we are only taking into account our own desires, opportunities, and current state of mind. Every step we take, every word we say, and every strategy we determine feels like constantly making moves on a chessboard. When the decisions we make take into account what others will do or think, how are they actually shaped? The discipline that examines the mathematics and philosophy of this question: Game Theory. Game theory is the intersection of mathematics and economics, examining the strategic interactions of rational decision makers. Its core assumption: The outcome an individual will achieve depends not only on their own move, but also on the strategies chosen by other players they interact with. From companies' fierce price wars to interstate nuclear negotiations, from street level bargaining to the most delicate balances of our interpersonal relationships, we act according to the ...
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