🎲 If you’ve ever wondered how strategy shapes the world (and your decisions), this episode is for you! Ready to level up your strategic thinking?

In this episode, we’re diving into the fascinating world of game theory, the ultimate guide to understanding choices, risks, and cooperation.

From utility theory (how we make decisions and manage risk) to the legendary von Neumann–Morgenstern axioms, we’ll explore the building blocks of preferences and strategies. We’ll break down Nash equilibrium, dominated strategies, and subgame perfection to uncover what it means to play smart, whether in boardrooms, sports, or everyday life.

We’ll also tackle games with incomplete information, dig into Bayesian equilibrium, and learn why knowing what you don’t know can be the real game-changer. And don’t miss our take on coalitional games and their solutions, from the Shapley value to the bargaining set, with real-world applications like solving bargaining problems and tackling bankruptcy cases.