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

Discover how the Centipede Game illustrates conflict between self-interest and mutual benefit, as well as why real-world ...

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 ...

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 ...

We explain what game theory actually is in simple terms. It studies decisions where outcomes depend on what others do. The problem is that it assumes people are always selfish and logical. In real ...

Russia’s invasion of Ukraine is five months old, and no clear end is in sight. As the invasion turns into a long-term war, it’s time to think strategically about what can be done now to manage and ...