Economists employ game theory to predict outcomes when incentives are used to steer behavior
Tuesday, January 29, 2019 - 09:20
in Psychology & Sociology
When institutions, organizations or individuals establish incentives to encourage behavior toward a particular outcome, the results can often be complex and lead to unintended consequences. Mathematical models of strategic game theory help to predict outcomes in these situations, as shown by Tarun Sabarwal, the De-Min & Chin-Sha Wu Associate Professor and associate chair of economics at the University of Kansas.