Bob Romkes, a designer at Britain's Royal College of Art, penned the Equilibrium concept as a luxury car for the future. In an era when customization equals personalization, Romkes sees a chance ...

Nash equilibrium is a game theory concept where optimal outcome is when there is no incentive for players to deviate from their initial strategy.

This paper examines the circumstances surrounding the first historical appearance of the game-theoretical concept of mixed-strategy equilibrium. Despite widespread belief that this concept was ...