game theory is more a state of mind than a specific strategy. you would be using some aspect of it all the time to think about the optimal and rational moves of your counterparty or the of your competition.
I like the backward induction principle Munger said … All I want to know is where I’m going to die, so I’ll never go there. [Jacobi] knew that it is in the nature of things that many hard problems are best solved when they are addressed backward, Munger counsels. Inversion and The Power of Avoiding Stupidity Found an interesting playlist on YouTube Formally speaking it’s useless to me, But some interesting concepts to be learned. Too many players with different interests, outcomes and probabilities.
The part that is closely related to trading is the Risk Management bit. https://arxiv.org/pdf/1711.00708.pdf Game theory will work on optimizing a bet based on the bank roll and that can be translated to trading easily.
We are all using game theory. A rally that is trending at a steady pace over time is usually due to cooperation. But a poisson jump from a short squeeze is competition. Maximizing payoff from cooperation and competition is what game theory is all about.
I was a teaching assistant for a grad level game theory class in college. it’s more generally about determining the outcome if everyone behaves optimally. The generalized skill is to think about the other guys’ incentives, information, utility function and understand their likely and rational course of action.