But what does game theory look like in practice? What kinds of ‘games’ fall under this concept, and how do they enhance our understanding of strategic behavior in real-life situations? In this article ...

Cooperative game theory is often seen as a numbers-driven discipline rooted in mathematics. Yet beyond the equations lies a powerful framework, particularly in macroeconomics, for understanding how ...

Thomas Schelling and Robert Aumann have won the 2005 Nobel Prize in Economics. Alex Chadwick talks to Tess Vigeland of Marketplace about the two men, who were recognized for their contributions to ...

Game theory has long served as a cornerstone in understanding competitive strategies in markets where few firms operate. In particular, duopoly and oligopoly frameworks illustrate how firms’ strategic ...

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 ...

What if I told you that social media isn’t just a chaotic swirl of memes, trends, and endless scrolling, but a carefully orchestrated battlefield where every post, like, and share is part of a larger ...