The concept of Nash equilibrium has long served as a cornerstone in game theory, characterising a state where no player can benefit by changing their strategy unilaterally. Recent advancements have ...

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 ...

Economic Theory, Vol. 26, No. 2, Rationality and Equilibrium: A Symposium in Honor of Marcel K. Richter (Aug., 2005), pp. 301-308 (8 pages) In this paper I study a class of two-player games, in which ...

Lucye Rafferty/The Hoya Professor Ariel Rubinstein discusses game theory yesterday in ICC Auditorium. Here’s a problem: you have to share $100 with someone that you don’t know. You must offer to split ...

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 ...

Game theory is now part of almost every economist's tool-kit, as this week's Nobel economics prize recognises IT SOUNDS like a sports fan's dream. In Stockholm on October 11th, three men shared a $1m ...

John F. Nash Jr. is widely known as the subject of the Oscar-winning film “A Beautiful Mind,” but his contributions to the advancement of human knowledge are far greater. Nash paved the way for game ...