Explore how backward induction helps solve game theory problems by working from the end backward to determine optimal actions ...

Vaccine hesitancy isn’t a moral failure – it’s a property of a system in which people must balance personal and collective ...

The game theory of Bitcoin and cryptocurrencies analyzes the behavior and strategies of participants in the market using concepts such as the prisoner’s dilemma. Game theory is a mathematical ...

A recent solution to the prisoner’s dilemma, a classic game theory scenario, has created new puzzles in evolutionary biology. Press and Dyson’s new solution to the problem, however, threw that rosy ...

Discover how the Matching Pennies game illustrates strategic decision-making and Nash Equilibrium in game theory, with insights on payoff dynamics and asymmetric strategies.

Partha Gangopadhyay does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations ...

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 ...

If we want better outcomes, we need to change the way we pay for medical care. The latest Mirror, Mirror 2024 report from the Commonwealth Fund—a nonprofit organization that conducts independent ...

If natural selection is survival of the fittest, why isn't everything a competition? Cooperation and competition have a fitness face off in game theory. Evolutionary games are often visually ...

Princeton's John Nash earned the Nobel prize in economics for his work in game theory, a method of strategic thinking. Nash was portrayed by Russell Crowe in the 2001 movie A Beautiful Mind.