Economy International Policy

Game Theory and the US-China Trade War

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The US/China trade war has quickly escalated as a result of new tariffs and the threat of increasing existing ones. Both countries continuously retaliate against each other for what they believe to be unfair trade practices. The trade war has had an impact on all countries involved, triggering inflation and reducing international trade by 65%. […]

Economy Education Investing

Intro to Game Theory

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What do going to the movies, chess, rock-paper-scissors, football, and international trade have in common? The answer is game theory. What many people may view as normal occurrences may in fact be part of an intricate web of decision-making from many people. Most people associate game theory with the Prisoner’s dilemma or the Nash equilibrium. […]