Referring to this.
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Explanation:
“Game theory”, in economics, refers to “how do you maximize your profits?”, in a theoretical way. Therefore it is greed theory. It should be called as such. The term “game theory” should be reserved for the study of Zelda, or eggs/sperm cells if one so wants.
Yeah, game theory is abused in economics but it’s probably the only useful thing associated with capitalist apologetics. The problem with the use of game theory within economics is the fact that it’s using an overtly simplified model that doesn’t actually reflect humans.
Corporations, however, are amoral manifestations of greed pure greed so they generally can be modeled pretty well with simple models in a lot of situations.
Game theory has a lot of applications outside of markets. One cool fact about game theory is that chimpanzees have a more intuitive understanding of it than humans. So it kind of looks like we either lost that for some reason (like… That it’s not as necessary for us as we developed more collectivist tendencies) or we actually evolved away from that (that is, there’s some evolutionary benefit for us to actually be bad at game theory).