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

The declaration date is when a company announces its next dividend payment; it's also an option's expiration date. Once a dividend is declared, it becomes the company's legal responsibility to ...

In January 1993, a gunman murdered seven people in a fast-food restaurant in Palatine, a suburb of Chicago. In his dual roles as an administrative executive and spokesperson for the police department, ...