Explore how backward induction helps solve game theory problems by working from the end backward to determine optimal actions ...

Discover how mechanism design theory uses incentives and game theory to achieve desired outcomes in economics and businesses while overcoming self-interest challenges.

Game theory applications have increasingly become central to understanding and enhancing security measures and effective resource allocation in complex, real-world scenarios. By framing strategic ...

Ever wonder how nodes are incentivized in a blockchain to ensure trust, consensus and cooperation in a system with no central authority? The answer lies in game theory, the mathematical study of ...

Game theory helps investors predict outcomes in markets where decisions impact each other. Understanding game theory equips investors to strategically anticipate market actions. Game theory-informed ...

Mark Colyvan receives funding from The Australian Research Council. The most serious environmental problems facing our planet require cooperative solutions. Ensuring the sustainability of the ...

Chair of Aquatic Food Security and head of the Modelling and Analysis of Complex systems (MACS) group, University of Stirling According to Sheldon from The Big Bang Theory, if someone is buying you a ...

Marketing tactics tend to stick to a tried-and-tested principle: If you’re marketing something consumers don’t need to survive, target their emotions, rather than their logic. The closer you can get ...