Understanding game theory is just a prerequisite. The first step towards strategic success is to use it to make an informed decision. In the dynamics of a game, there come certain points where you have to take specific actions, which are followed by reactions, engaging players in a continuous loop of push and pull in … Continue reading How to use Game Theory for Decision Making?
Problem I observed an interesting incident when I was working on a blog about using game theory for decision-making. Because of the ongoing Iran war and the blockade of the Strait of Hormuz, the supply of crude oil, petrol, and LPG was strained. Midst all this, on Monday, 23rd March 2026, people started flocking to … Continue reading The Scarcity Paradox: Understanding Rumors and Panic Buying
The blog explores game theory's principles, applications, and limitations, emphasizing its role in understanding complex situations and predicting behaviors across fields like economics, business, political science, and biology.
Here's a game theory analysis of the Kolhapuri Chappal intellectual property issue, framed within the broader context of GI tag misappropriation by global corporations.
Donald Trump's recent tariff policy, imposing a 10% import tax effective April 2025, aims to protect American industries and address trade imbalances, particularly with China and the EU. This approach could disrupt global trade, increase consumer prices, and provoke retaliatory measures, leading to economic uncertainty and potential growth slowdowns.
Kushalam 