The mechanism to buy and sell rough diamonds is bizarre. Diamonds are sold in “boxes”, collections of diamonds with similar characteristics, where values ranging from $100,000 to $1.5 million.

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 ...

A computer simulation predicts that ravens should have evolved a behavior called "gang foraging," which is then observed in real ravens. Game theory, the branch of mathematics best known for exploring ...

The first-mover advantage has allowed Tesla, Inc. to pave the way for its current lineup of electric vehicles. However, it is questionable whether this advantage still exists because market conditions ...

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 ...

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 ...

The 12-day war between Israel and Iran may have paused-but the next round of violence is already taking shape. As of writing this piece, the 12-day war has been halted by a fragile ceasefire-one that ...