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Game Theory in Business

Game theory is a powerful tool used by businesses to analyze decision-making, strategy, and interactions among various players. Here's how it's applied:

By understanding incentives, risks, and strategies, businesses gain a competitive edge.

Types of Game Theory Players

Game Theory Demo - Mind Reader

Guess the number I'm thinking of from 1 to 10 inclusive. If you guess correctly, you win!

Score:
Current Odds: 1/10
Submit

Monty Hall Simulator

Click on a door to select I will reveal a door with a goat. You can switch doors or stay by clicking on a door one more time.

Choose correctly and you win a brand new sports car!

Choose incorrectly and you win a smelly goat :(

Door 1
Door 2
Door 3
Restart

Links
https://ncase.me/trust/