Companies rarely suffer because of some random bad decisions. They suffer or make bad decisions because of seriously flawed patterns. In this article, we will use game theory to understand those systematic patterns.
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
