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 ...

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

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 ...

In Ms Clancy’s telling, the overzealous misapplication of game theory lies behind many of the world’s problems, including economic exploitation, manipulation of public opinion, racism and ...

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 ...