Mises Wire

Home | Wire | Game Theory: The Business Tool That Isn't

Game Theory: The Business Tool That Isn't

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.)

Author:

Contact Peter G. Klein

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.

Shield icon wire