Economist Michael Chwe has written a book called “Jane Austen: Game Theorist.” Do you need more of a reason to read this post? Video from Michael Chwe’s YouTube channel. I’m a specialist in game ...
STONY BROOK, New York -- Cue Leonard Nimoy crooning Highly Illogical over a novelty-song orchestra. Game theory, the study of rational behavior broken down into strategic decisions, is all about ...
What does it mean to behave rationally? This question sounds like a problem for philosophers. Yet mathematicians also have something to say about it. In the last few decades, game theory—the ...
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 ...
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 ...
Editor’s Note: Michael Chwe studies game theory — as he says, “the mathematical analysis of strategic thinking.” In particular, he’s interested in how game theory shapes everyday life, as well as what ...
Rob Gilles does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their ...
Unlike his much more famous colleague Albert Einstein, John von Neumann is not a household name these days, but his discoveries shape the possibilities of life for every creature on this planet. As a ...
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 ...
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