Game Theory : Everything tagged "economics"

In game theory, the Nash equilibrium (named after John Forbes Nash, who proposed it) is a solution concept of a game involving two or more players, in which no player has anything to gain by changing only his or her own strategy unilaterally. If each play

Co-operation or betrayal? It's not as clear-cut as you think - SIXTY years ago, at the dawn of the Cold War, scientists, engineers and mathematicians at the now infamous Rand Corporation started to cook up game theories to predict human behaviour. A mathe

TED Talks What if human consciousness isn't the end-all and be-all of Darwinism? What if we are all just pawns in corn's clever strategy game, the ultimate prize of which is world domination? Author Michael Pollan asks us to see things from a plant's-eye

Much like the drivers in this experiment, the down vote option provides the power to spoil the success of others.

What economists call game theory psychologists call the theory of social situations, which is an accurate description of what game theory is about. Although game theory is relevant to parlor games such as poker or bridge, most research in game theory focu

Above all, the idea that we are mainly driven by rational choice, whether we are aware of it or not, is an alluring one. Harford makes clear he is not talking about the rational economic man of the textbooks, the cold calculating machine driven only by fi