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.

How many lions does it take to kill a lamb? The answer isn’t as straightforward as you might think. Not, at least, according to game theory. Game theory is a branch of maths that studies and predicts ...

To understand how driverless vehicles can navigate the complexities of the road, researchers often use game theory—mathematical models representing the way rational agents behave strategically to meet ...

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 ...

Silvia Console Battilana is the CEO and cofounder at Auctionomics, a high-stakes auction technology company that uses game theory to solve complex business problems. She even has a technical Emmy ...

This refers to a logical puzzle that asks how the people in a town, without any communication, can optimally choose whether to go to a small bar with limited seats on a Thursday night. If all people ...

TOPSHOT - President Trump's plan to create a "national bitcoin stockpile" has fueled speculation that other countries will follow suit. Game theory helps explain the logic behind Bitcoin's recent ...