Insurers participating in pooled-employer programs lose money, possibly due to adverse selection, as high-risk employees are more likely to select certain plans. (by Allison Bruce)

New regulations encourage Korean citizens to purchase homes in the US, but information asymmetry and adverse selection require caution -- a simple tale of the lemons problem applied to homes. (by Chang Se-moon)

Major auction houses forced to play rock-paper-scissors over rights to auction eccentric millionaire's art. "Sotheby's decided to leave its decision to chance, and had no particular strategy." (by Lloyd Garver)

A rather scathing review of Paul Omerod's "Why Things Fail" which includes references to bounded rationality and evolutionary game theory in explaining business failures. (by Paul Ormerod)

Major auction houses forced to play rock-paper-scissors over rights to auction eccentric millionaire's art. "Sotheby's decided to leave its decision to chance, and had no particular strategy." (by Carol Vogel)

A somewhat disingenuous critique of game theory in which the author finds that no academic game theorist can provide concrete examples of game theory used by businesses. (by Martin Kihn)

Argues that outsourcing of American jobs is a tragedy of the commons in which each company raises its profits but leads to less purchasing power at home.

A leading auctioneer discusses the winner's curse, reflecting industry experience but only a vague, rudimentary view of auction theory (by Deb Weidenhamer)

Strategic commitment highlighted through a poision pill provision, creating an additional $800 million cost to be assumed by Oracle in case of a takeover.

Discusses trends in executive incentive pay in light of recent scandals.

Highlights Vernon Smith's contributions to behavioral economics and notes how the field is finding new applications.

Notes how several companies combine neural networks with game theory to create software to mine consumer data and create targeted campaigns.

New director of career services at Wharton uses game theory for optimal interview scheduling.

Being trusting in business is not naive but an optimal way to play repeated prisoner's dilemmas according to Axelrod's findings.

Marketing firm creates customer loyalty and retention products through applications of game theory.

Price wars continue in the prisoner's dilemma of automotive pricing.

Companies increasingly use incentive pay to shift profit risks to employees.

Rupert Murdoch's success in business is partly the result of "understanding how game theory shaped deal negotiations and inter-firm competition" (by Alex Burns)

Timothy Belden, at the center of the Enron scandal, studied game theory at Berkeley.

Applauds U.S.-style antitrust laws that provide immunity to cartel members who come forward as a "clever use of game theory" creating a race to cooperate.

How stock option bonuses can align incentives of shareholders and executives.

Stock options create a moral hazard, incentives for short-term stock price spikes.

Considers whether historical figures in politics and business satisfy the assumptions of homo economicus, and notes that the definition is quite similar to that of a sociopath. (by John Kay)

Discusses the rising business of software for managing incentive pay of sales forces.

Price wars are often not sustainable and value-pricing may be a better proposition.

Disequilibrium play in the traveler's dilemma and games with mixed strategies

Notes the need to consider strategic moves by current partners, including post-contractual hold up and moral hazard.

Provides extensive introduction to game theory and argues that Eastern Europeans view business culture as a zero-sum game.

Cooperation among European vitamin manufacturers deemed collusive.

Companies struggle with moral hazard and offer incentive pay to even lower-level employees.

How the excitement of art auctions at sea leads participants to overbid and overpay.

Provides a guide to negotiation in low-information environments, and notes the role of perception.

Blockbuster experience highlights greater profits from negotiating revenue sharing arrangements in the supply chain.

Auctions are useful market allocation mechanisms when the reward is mostly monetary, but do poorly when the prize is of psychological value. (by John Kay)

Discusses tit-for-tat as an optimal strategy in repeated games

Stock options reward executives when prices rise but this does not mean incentives are aligned.

Describes how the game of chicken applies not only to film versions of teenage angst, but also to common business situations. (by John Kay)

Famous people describe their decision-making paradigms

A brief letter on game theory 's use in business to model interactive decision-making.

Only recently have economists provided explanations for the existence of advertising. It may be informative, reducing the lemons problem, or a commitment device, by "burning money." (by John Kay)

Examines strategic moves that result in other participants paying you to play the game.

Bell Atlantic Chairman explains use of game theory in modern management

Reflections on the role of math and game theory in business

Discusses the role of game theory in business

Argues that even though employees free ride on union power by receiving benefits without being members, this is a valid check on union power.