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

Discover how the Centipede Game illustrates conflict between self-interest and mutual benefit, as well as why real-world ...

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 ...

Game theory is a mathematical framework that helps explain decision-making in strategic situations. Cryptocurrencies, like Bitcoin (BTC), have become a popular subject for game theorists due to their ...

The original version of this story appeared in Quanta Magazine. Imagine you had a friend who gave different answers to the same question, depending on how you asked it. “What’s the capital of Peru?” ...

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 ...

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 ...

Playing with Reality: How Games Shape Our World. By Kelly Clancy. Riverhead Books; 368 pages; $30. Allen Lane; £25 In 1824 Prince Wilhelm of Prussia asked for a demonstration of an elaborate game he ...

In many cases, AIs are trained on material that’s either made or curated by humans. As a result, it can become a significant challenge to keep the AI from replicating the biases of those humans and ...

The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their ...

Imagine you had a friend who gave different answers to the same question, depending on how you asked it. “What’s the capital of Peru?” would get one answer, and “Is Lima the capital of Peru?” would ...