Game theory was born to deal with interdependence: situations where what I do depends on what you do, and what you do depends on what I do. That, of course, would cover almost all situations. For ...

Game theory is the study of how players strategize and make decisions. It's a way to model scenarios in which conflicts of interest exist among the players.

Game theory and economics show how to steer evolution in a better direction Date: November 16, 2021 Source: PLOS Summary: Human behavior drives the evolution of biological organisms in ways that ...

The prisoner's dilemma describes a situation in which two parties act on an incentive to protect themselves at the expense of ...

The book points readers to economic principles that appear throughout the show, ideas like economic utility, game theory, and the best way to allocate resources in the face of scarcity.

Lloyd Shapley GS ’53, a noted game theory scholar and professor emeritus at the University of California, Los Angeles, was awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of ...

In its negotiations on the two key infrastructure bills, Congress members are utilizing the classic economic concept of game theory to outmaneuver one another. We look at what this federal ...

As the United Auto Workers strike against Detroit’s Big Three drags on, a classic behavioral theory provides a way to figure out how long it may continue.

Claudia Winkleman, a television presenter with a helmet of shiny hair, is not a typical economics teacher. Yet students should consider her game show. Those learning outside Britain may opt for ...