I'm a microeconomist by training and use the economic theory of games throughout most of my research program. Game theory is used as a tool for economic analysis whenever two or more players ...

Game theory can also be seen as the application of econo-think to non-monetary aspects of life. There’s nothing economists like better than to show how someone who seems to be behaving irrationally, ...

The researchers take the mathematical model further by implementing game theory, which analyzes how individuals’ decisions are interconnected and can impact each other – such as physicians in ...

Game theory has a wide range of applications, including psychology, evolutionary biology, war, politics, economics, and business. Despite its many advances, game theory is still a young and ...

Game theory and economics show how to steer evolution in a better direction Date: November 16, 2021 Source: PLOS Summary: Human behavior drives the evolution of biological organisms in ways that ...

Game theory in markets: strategic decision making, from theory to dot-com and crypto bubbles.

Game Theory is a theoretical framework that predicts human behavior in the context of cooperative dilemmas. Students of economics will remember that Game Theory teaches us the importance of trust ...

In game theory, brinkmanship is when players engage in a high-stakes game of chicken. Players attempt to gain the upper hand by taking increasingly risky actions to force the opposition to retreat.