According to Investopedia.com, “Game theory is the process of modeling the strategic interaction between two or more players in a situation containing set rules and outcomes.” Interpersonal ...

Breakthroughs, discoveries, and DIY tips sent every weekday. Terms of Service and Privacy Policy. Three slices of fresh apple pie sit on the kitchen counter, and you ...

As we approach the fantasy playoffs, it’s a good time to revisit the ideas of Optimality and Game Theory. In Optimality, you’re always striving for the best possible outcome at the least possible cost ...

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 ...

John Von Neumann, the inventor of game theory, developed this powerful analytical method for the field of economics. But he immediately understood its application to conflict, including warfare. We ...

The third monthly instalment of Brexit discussions have come and gone with little in the way of progress. A game theoretic approach as to why the early rounds of Brexit discussion were doomed from the ...

Our November Insights puzzle set out three scenarios exploring how competition and cooperation are modeled in game theory and how they might actually interact in modifying the equilibrium between two ...