Opening Comments...
In the adrenaline-fueled arenas of battle royale games, every decision you make is a calculated risk, a maneuver orchestrated with incomplete information, often influenced by the actions and strategies of fellow players.
These dynamics mirror the principles studied in behavioral economics, a field that explores the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.
By drawing parallels between the decision-making processes, we can unearth a deeper understanding of strategic decision making and the underlying dynamics that govern our choices.
In today’s post, we’ll focus on three pivotal aspects — risk and uncertainty, social influences, and information asymmetry — to shed light on the fascinating interplay between the virtual battlegrounds of battle royale games and behavioral economics.
Keep reading with a 7-day free trial
Subscribe to Charles’s Substack to keep reading this post and get 7 days of free access to the full post archives.