Explore how backward induction helps solve game theory problems by working from the end backward to determine optimal actions. Learn with practical examples.

Marketing is more of a science than its more creative counterparts – advertising, public relations and promotions – but, despite its emphasis on research and number-crunching, marketing still relies ...

String theory began over 50 years ago as a way to understand the strong nuclear force. Since then, it’s grown to become a theory of everything, capable of explaining the nature of every particle, ...

Business owners are constantly gathering information to help develop strategies to improve marketing and sales. Ultimately, the goal is to improve the bottom line, with better targeting of a company's ...

This handout is available for download in DOCX format and PDF format. A paragraph is a collection of related sentences dealing with a single topic. This handout breaks the research paragraph down into ...

When asked the question, "What is a theory?" most of my students (regardless of age or educational level) respond with an explanation that is akin to "a reasonable, educated/informed guess." Indeed, ...

When Lisa Cook tried to publish her research showing how segregation and racial violence held back Black innovation, she encountered obstacles. Now her work is considered groundbreaking. Patent ...

Eric's career includes extensive work in both public and corporate accounting with responsibilities such as preparing and reviewing federal, state, and local tax filings; supporting multinational ...

Theory of mind is typically defined as the ability to understand the thoughts, beliefs, desires, and emotions of other people. This understanding allows individuals to predict how others will feel, ...

The burnt toast theory is a metaphor for life that helps people interpret minor inconveniences as having positive ripple effects or a “silver lining.” It’s related to the butterfly effect. While not a ...