Here Prof. Dixit explains game theory and its impact on situations we encounter every day. "If Nash got a dollar for every time someone wrote or said 'Nash equilibrium,'" Dixit has said ...

Game theory is the formal study of conflict and cooperation. Game theoretic concepts apply whenever the actions of several agents are interdependent. These agents may be individuals, groups, firms, or ...

Cooperation and competition have a fitness face off in game theory. Evolutionary games are often visually represented as a payoff matrix (Fig. 1a), in which the payoff for the individual involved ...