Skip to main content


Showing posts from June, 2020

Drawing Insights from Game Theory to Make Career Decisions

Today’s career paths are widely diverse, but there’s one thing they all have in common: the scarcity of resources. Resources are scarce; they have always been. Be it the amount of time you can devote to a particular career goal, the money you can invest on it, or the energy you can afford to spend in pursuing a career goal – they are all limited. That’s where economics steps in – the science of managing scarce resources. There is one particular branch of economics that deals specifically with decision making in adversarial situations, and it tells us a lot about the way we should be making decisions in life – game theory. A little background The game theory deals with the study of ways in which the choices of parties involved in a particular situation/transaction/circumstance affect each other, often in ways that were not intended by either of the parties. The ‘game’ here has a quite broad meaning – anything that involves interaction between two or more parties. Games can be eith
Creative Commons License

All these articles are written by me and are licensed under a Creative Commons Attribution 4.0 International License