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

This is part of our “Econ Extra Credit” project, where we read an introductory economics textbook provided by the nonprofit Core Econ together with our listeners. Robots are doing their part during ...

So you’re standing at the edge of a cliff, chained by the ankle to someone else. You’ll be released, and one of you will get a large prize, as soon as the other gives in. How do you persuade the other ...

Game theory gives you a systematic way to think through those possibilities and maximize overall welfare.” “Evolutionary change in response to human interventions, such as the evolution of resistance ...

7/16/2008 - John Nash. Roger Myerson. Robert Aumann. Eric Maskin. Just some of the quantitative luminaries on hand for the Game Theory Society’s Third World Congress, hosted by the Kellogg School from ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

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 ...

An analysis of the assumptions generally made in game theory is carried out. The analysis is used as a basis for a review of the collection of articles, dealing with recent developments in ...

An American and an American Israeli were awarded the Nobel Memorial Prize in Economic Sciences on Monday for fostering the understanding of conflict and cooperation -- in matters such as nuclear arms ...

I n the epilogue of their blockbuster book Mostly Harmless Econometrics (2009), Josh Angrist and Steve Pischke write, “If applied econometrics were easy, theorists would do it.” As academic jokes go, ...

Human behavior drives the evolution of biological organisms in ways that can profoundly adversely impact human welfare. Understanding people's incentives when they do so is essential to identify ...