With our guest Prof. Achim Wambach, PhD, president of the ZEW, we discuss what this year's Economics Nobel Prize laureates Paul Milgrom and Robert Wilson have contributed to game theory and auction theory. Here, we look at both: rather theoretical concepts but also their direct applications.

We discuss with the CEO and co-founder of TWS Partners, Marcus Schreiber, how game theory as a pure academic subject can also be applied in the business context. We also talk about the journey of how he founded TWS Partners as a consultancy specialised in game theory.