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.

What Game are You Playing? Game theory is often introduced to future decision makers at a young age through tic-tac-toe then continues with chess strategy and sunsets with a few examples in business ...

Breakthroughs, discoveries, and DIY tips sent every weekday. Terms of Service and Privacy Policy. Three slices of fresh apple pie sit on the kitchen counter, and you ...

The oddities of social life—and our efforts to cooperate and coordinate—may turn on our assumptions about the knowledge we share.

Aden Carter is a contributor for XDA with a focus on gaming. He has spent the last five years guiding players through their favorite games and offering his opinions on the biggest gaming topics. When ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Game theory studies the decision-making and possible outcomes in games. For decades, it has ...

Two U.S. game theory specialists were awarded the Nobel prize in economic sciences for their groundbreaking research. Paul R Milgrom and Robert B Wilson won the award for their designs of mathematical ...

In a recent artificial intelligence (AI) machine learning breakthrough in game theory, researchers solve a persistent problem with real-world applicability—for the better. At last month’s 34th ...

The 12-day war between Israel and Iran may have paused—but the next round of violence is already taking shape. As of writing this piece, the 12-day war has been halted by a fragile ceasefire—one that ...