I'm a microeconomist by training and use the economic theory of games throughout most of my research program. Game theory is used as a tool for economic analysis whenever two or more players ...

Game theory can also be seen as the application of econo-think to non-monetary aspects of life. There’s nothing economists like better than to show how someone who seems to be behaving irrationally, ...

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 ...

Game theory in markets: strategic decision making, from theory to dot-com and crypto bubbles.

As economists specializing in behavioral economics and game theory, we teach strategic concepts from game theory to our business students.

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.

Research from all publishers Recent research in economic theory has been marked by the incorporation of dynamic optimisation and fuzzy differential game models that provide novel insights into ...

When robots work safely with humans, they can provide clear benefits. Industries facing labor shortages, such as elder care, could see relief. Physically demanding jobs might also become safer for ...

In blockchain, game theory transforms trustless environments into robust ecosystems by designing incentives that reward honesty and punish misconduct.