The researchers at the Monash Business School in Australia may have come up with a novel way to revolutionise how the economic strategy of game theory is taught in universities around the world. Game theory is one of the most challenging concepts taught in the first year of business and economic degrees. It requires strategic thinking to predict human behaviour, considering all players, their actions and knowledge. However, using the Netflix drama the researchers argued in their paper, ‘Using Squid Game to Teach Game Theory’—published in December 2021—that the show demonstrated to students the realities of microeconomics and game theory with real-world concepts. “The players in Squid Game are a metaphor for companies, and we have examined the strategic interactions of Squid Game in comparison to real-life business,” Associate Professor Wayne Geerling, a co-author of the paper, said. “How do players, that is the companies, interact? Game theory has a …