Figure 1: Payoff matrix for the games of matching pennies and prisoner's dilemma. How game theory can be used to investigate cooperation and altruism is illustrated by a well known game, the ...

Graduate seminar, Spring 2014. Open to graduate students only. Adam Elga (follow link for contact information, office hours). Meeting time: 10a-12:50p Thursdays. Location: Marx Hall 201 Description: ...

The basis of contingency theory in management is that there is no one best way to handle any task or process. Whether organizing an entire company or planning a production work flow, the best solution ...

TROY, N.Y. — A new theory of economic decision-making from Mina Mahmoudi, a lecturer in the Department of Economics at Rensselaer Polytechnic Institute, offers an explanation as to why humans, in ...

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...

A new theory of economic decision-making offers an explanation as to why humans, in general, make decisions that are simply adequate, not optimal. A new theory of economic decision-making from Mina ...