The prisoner's dilemma describes a situation in which two parties act on an incentive to protect themselves at the expense of ...

Classical economic analysis generally assumes that we each take the world as we find it. We can “maximize” our own “utility” (as economists romantically describe the pursuit of happiness) in any ...

PLOS. "Game theory and economics show how to steer evolution in a better direction." ScienceDaily. ScienceDaily, 16 November 2021. <www.sciencedaily.com / releases / 2021 / 11 / 211116144811.htm>.

In Ms Clancy’s telling, the overzealous misapplication of game theory lies behind many of the world’s problems, including economic exploitation, manipulation of public opinion, racism and ...

Game theory identifies two types of communication: “cheap talk” and “signalling”. Saying you are “100% faithful”, as many contestants do, is cheap talk.

In its negotiations on the two key infrastructure bills, Congress members are utilizing the classic economic concept of game theory to outmaneuver one another. We look at what this federal ...

Game theory reveals that vaccine hesitancy is not a moral failure, but simply the predictable outcome of a system in which individual and collective incentives aren’t properly aligned.