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Game theory, the study of strategic decision-making, can be used in many fields, including business, finance, and economics.
Among the topics addressed in the journal are classical and modern equilibrium theory, cooperative and non-cooperative game theory, macroeconomics, social choice and welfare, uncertainty and ...
In the last few decades, game theory—the mathematical study of strategies and decision-making—has shed crucial light on the nature of rational behavior. In 1950, a young Princeton mathematics graduate ...
Nash equilibrium is a game theory concept where optimal outcome is when there is no incentive for players to deviate from their initial strategy.
The discovery of a winning strategy for Prisoner’s Dilemma is forcing game theorists to rethink their discipline. Their conclusion? Winning isn’t everything.