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Game Theory: The Business Tool That Isn't

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08/15/2005

Game theory can be fun and interesting. It's central to current mainstream research in industrial organization and corporate strategy. It's been taught to a generation of MBA students. Unfortunately, according to FastCompany, nobody in business actually uses it.

(Hat tip: Nicolai Foss.)

Peter G. Klein is Carl Menger Research Fellow of the Mises Institute and W. W. Caruth Chair and Professor of Entrepreneurship at Baylor University's Hankamer School of Business.

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