2021
DOI: 10.5435/jaaos-d-21-00794
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Application of Game Theory to Orthopaedic Surgery

Abstract: Game theory is branch of mathematical economics that pertains to decision-making and is a conceptual framework for explaining and predicting situational outcomes. 1 In game theory, the games are simplified abstractions of real-life scenarios but often accurately predict human decision-making. The principles of game theory have been applied to a wide range of disciplines including government policy, international relations, sport and military strategy, and evolutionary biology. 1,2 This article will examine som… Show more

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Cited by 5 publications
(4 citation statements)
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“…Game theory, the study of interacting decisions between competitive agents, is an important concept with demonstrated health care efficacy used to fortify our approach. [35][36][37][38][39][40] In our study, vendors were provided benchmark pricing separate from industry competitors. As a result, individual vendors were driven to negotiate without comparison-comply with new pricing or risk losing market shares.…”
Section: Discussionmentioning
confidence: 99%
“…Game theory, the study of interacting decisions between competitive agents, is an important concept with demonstrated health care efficacy used to fortify our approach. [35][36][37][38][39][40] In our study, vendors were provided benchmark pricing separate from industry competitors. As a result, individual vendors were driven to negotiate without comparison-comply with new pricing or risk losing market shares.…”
Section: Discussionmentioning
confidence: 99%
“…6 In the US, the use of topical NSAIDs for the treatment of OA has been endorsed by the American College of Rheumatology in conjunction with the Arthritis Foundation 7 as well as the American Academy of Orthopaedic Surgeons. 8 The global organisation, Osteoarthritis Research Society International, have also strongly recommended the use of topical NSAIDs as a treatment option for OA of the knee. 9 As the most prescribed NSAID worldwide, 10 it is unsurprising therefore that topical formulations using diclofenac (DF) are widely recognised as effective treatment options for OA.…”
Section: Introductionmentioning
confidence: 99%
“…In spite of this, the theory is not restricted to financial problems. Game theory has a wide range of applications in real-world problems (see Adler et al (2021); Brown et al (2022); Ho et al (2022); Wang et al ( 2022)). Nash et al (1950) defined and characterized an equilibrium notion for n-person games in a remarkable one-page article in 1950.…”
Section: Introductionmentioning
confidence: 99%