The prisoner's dilemma describes a situation in which two parties act on an incentive to protect themselves at the expense of the other. Find out how it works in economics.

Increasingly, companies are utilizing the science of Game Theory to help them make high risk/high reward strategic decisions in highly competitive markets and situations. Modern Game Theory has been ...

The oddities of social life—and our efforts to cooperate and coordinate—may turn on our assumptions about the knowledge we share.

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 ...

Game theory, the study of strategic decision-making, has long been a tool for economists, mathematicians, and political scientists to analyse human behaviour in competitive scenarios. While ...

Donald Trump imposed high tariffs before negotiations to set terms and pressure partners Tariffs included 25% on India, 35% on Canada, 30% on Mexico and the EU, plus proposed blanket tariffs Trump ...

TOPSHOT - President Trump's plan to create a "national bitcoin stockpile" has fueled speculation that other countries will follow suit. Game theory helps explain the logic behind Bitcoin's recent ...