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. […]
Many people associate financial options with options traders who make mammoth returns on their investment. In reality, options are a useful type of financial security, which is a tradable financial asset such as a stock, that provides traders with flexibility, efficient bets, and most notably, high returns on investment if used correctly. So, what really […]