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 ...

Game theory is the study of how players strategize and make decisions. It's a way to model scenarios in which conflicts of interest exist among the players.

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 ...

Applications of game theory to moral philosophy are impeded by foundational issues and troublesome examples. In the first part of this paper, questions are raised about the appropriate ...

As the United Auto Workers strike against Detroit’s Big Three drags on, a classic behavioral theory provides a way to figure out how long it may continue.

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 ...