What is game theory? Simply put, if you are playing any game of strategy, like chess, any move you make in the game will have to be countered by your opponent. The strategic decisions that you and ...

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 ...

With oil prices rising, Organization of Petroleum Exporting Countries members are facing a dilemma. Extending output caps means making more room in the market for non-member competitors, and ...

This course is available on the MSc in Mathematics and Computation and MSc in Operations Research & Analytics. This course is available with permission as an outside option to students on other ...

A Critique of Hobbesian Premises through the Lenses of Game Theory and Evolutionary Biology The “state of war” proposed by ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. In game theory, tit for tat refers to a ...