Understanding Backward Induction in Game Theory: Process and Examples

Explore how backward induction helps solve game theory problems by working from the end backward to determine optimal actions ...

Centipede Game in Game Theory: Rules & Real-World Implications

Discover how the Centipede Game illustrates conflict between self-interest and mutual benefit, as well as why real-world ...
The Economist

How games and game theory have changed the world

Playing with Reality: How Games Shape Our World. By Kelly Clancy. Riverhead Books; 368 pages; $30. Allen Lane; £25 In 1824 Prince Wilhelm of Prussia asked for a demonstration of an elaborate game he ...
Forbes

Game Theory In Blockchain: The Invisible Hand Of Decentralized Trust

Ever wonder how nodes are incentivized in a blockchain to ensure trust, consensus and cooperation in a system with no central authority? The answer lies in game theory, the mathematical study of ...
Wired

How Game Theory Can Make AI More Reliable

The original version of this story appeared in Quanta Magazine. Imagine you had a friend who gave different answers to the same question, depending on how you asked it. “What’s the capital of Peru?” ...