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Game Theory Guide

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Game theory is the study of competitive strategy using games as models. It is a well developed discipline that has applications in areas such as business, politics and economics. Game theory is often based on highly constrained situations with clear rules and agents who act logically. As such, it doesn't always apply to real world situations where rules, behavior, risk and opportunity tend to be dynamic and ambiguous. Nevertheless, game theory offers some useful models that can be applied to real world problems and decisions. The following are examples of game theory models, tools and strategies.
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Decision Making

A list of decision making techniques.

Abilene Paradox

The observation that groups may make collective decisions that are viewed as wrong or irrational by each individual member of the group.

Decision Making Process

A complete guide to the decision making process.

Rational Thought

The difference between rational thought and logic.

Uncertainty

The common types of uncertainty in decision making and strategy.

Information Costs

A definition of information costs with examples.

Reverse Brainstorming

A definition of reverse brainstorming with examples.

Decision Fatigue

The definition of decision fatigue with examples.

Devils Advocate

Taking a position that you do not necessarily agree with for the purposes of argument.

Paradox Of Choice

The definition of paradox of choice with examples.

Cognitive Biases

A list of common cognitive biases explained.

Curse Of Knowledge

Why experts have trouble communicating.

Optimism Bias

An overview of optimism bias, including its surprising benefits.

Decoy Effect

A cognitive bias that is well known in marketing circles.

Biases vs Heuristics

The difference between biases and heuristics.

Information Cascade

A definition of information cascade with examples.

Functional Fixedness

A definition of functional fixedness with examples.

Boil The Frog

A definition of boil the frog, with examples.

Anecdotal Evidence

The definition of anecdotal evidence with examples.

Scientism

The definition of scientism with examples.
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