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December 2023 Archive

Articles published in December 2023

28Total Articles

What Is the Peter Principle

The Peter Principle states that employees rise to their level of incompetence. Learn the original theory, empirical evidence, and alternatives to hierarchical promotion.

What Is Game Theory? Strategy, Equilibrium, and Why People

Game theory is the mathematical study of strategic interaction. From the Prisoner's Dilemma to nuclear deterrence, this explainer covers Nash equilibria, cooperation, auctions, signaling, and why the theory changed economics, biology, and political science.