Game theory was born to deal with interdependence: situations where what I do depends on what you do, and what you do depends on what I do. That, of course, would cover almost all situations. For ...

Game theory is the study of how players strategize and make decisions. It's a way to model scenarios in which conflicts of interest exist among the players.

The researchers take the mathematical model further by implementing game theory, which analyzes how individuals’ decisions are interconnected and can impact each other – such as physicians in ...

Game theory and economics show how to steer evolution in a better direction Date: November 16, 2021 Source: PLOS Summary: Human behavior drives the evolution of biological organisms in ways that ...

The prisoner's dilemma describes a situation in which two parties act on an incentive to protect themselves at the expense of ...

In game theory, brinkmanship is when players engage in a high-stakes game of chicken. Players attempt to gain the upper hand by taking increasingly risky actions to force the opposition to retreat.

In its negotiations on the two key infrastructure bills, Congress members are utilizing the classic economic concept of game theory to outmaneuver one another. We look at what this federal ...

Applications of game theory to moral philosophy are impeded by foundational issues and troublesome examples. In the first part of this paper, questions are raised about the appropriate ...