Economic Theories

Game theory is a branch of applied mathematics and economics used to analyze situations with two or more players whose preferences are often divergent, and whose choices are interdependent. This method of thinking is valuable in many business situations, which tend to involve precisely this type of interaction both between and within firms. Game Theorists won the Nobel Prize in Economics four times in the past 15 years, a testament to the place of Game Theory as cutting edge economic theory.

Our consulting team is composed of members who specialize in either economics, statistics (including econometrics and psychometrics), or applied mathematics. As such, our team is perfectly positioned to provide our clients with a structured way of simplifying complex problems and optimizing business decisions, taking into account the dynamic and iterative process of modeling the behavior of all relevant parties. Our approach is applicable across a variety of industries and can be used whenever multiple actors with divergent needs are involved. It can allow firms to predict actions and responses from competitors, using powerful and collaborative processes. By using these principles to analyze situations where the actions of competitors, suppliers, or regulators can affect the outcome, we provide our clients with a precise and strategic plan for action.

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