The prisoner's dilemma describes a situation in which two parties act on an incentive to protect themselves at the expense of the other. Find out how it works in economics.

Russell has a PhD in the history of medicine, violence, and colonialism. His research has explored topics including ethics, science governance, and medical involvement in violent contexts. Russell has ...

People can do good, as one TikToker set out to explain with an old theory, which gained a lot of attention in the comments. Hazel Thayer (@hazelisonline) shared a video discussing the "tragedy of the ...

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 ...