Sometimes you just need a nudge to help you do things, complete tasks, and achieve your goals, per nudge theory concept for inspiring positive action and behavior. In life, you are going to face tasks ...

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

You know that feeling when you look back on something from the past and think, “Wow, we’ve come so far!” That’s modernization theory in a nutshell. It’s the idea that societies develop and progress ...

Business owners will often set individual goals to motivate employees and reach company objectives. Goals that are hard to reach are often more intriguing, as more work is required to fulfill them.

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...

In 1944, the economist, physicist, mathematician and computer scientist John von Neumann published a book that became a sensation, at least among mathematicians – Theory of Games and Economic Behavior ...

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Theory guides teaching, patient care, and research. Most are unaware of psychiatry’s and medicine’s guiding theory. Their present reductionistic theory has been discarded by all other sciences.