In rock-paper-scissors, the ideal strategy is simple: You should play a random move each round, choosing all three ...

Game theory helps investors predict outcomes in markets where decisions impact each other. Understanding game theory equips investors to strategically anticipate market actions. Game theory-informed ...

To understand how driverless vehicles can navigate the complexities of the road, researchers often use game theory — mathematical models representing the way rational agents behave strategically to ...

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 ...

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 ...

As you start on this article,look around; you’re likely surrounded by poker players, if not one already yourself. What’s with this poker frenzy among traders? Adrenaline rushes aside, this seemingly ...

Game Theory was invented by the brilliant mathematician John von Neumann, who also co-authored the first book on the topic with Oscar Morgenstern, an economist. (I actually took a course in Game ...

Countries where democracy is in trouble share a common pattern, and it’s a worrying one for the United States. Credit...Photo illustration by Ricardo Tomás Supported by By Amanda Taub Amanda Taub ...