But what does game theory look like in practice? What kinds of ‘games’ fall under this concept, and how do they enhance our understanding of strategic behavior in real-life situations? In this article ...

Game theory has long served as a cornerstone in understanding competitive strategies in markets where few firms operate. In particular, duopoly and oligopoly frameworks illustrate how firms’ strategic ...

Cooperative game theory is often seen as a numbers-driven discipline rooted in mathematics. Yet beyond the equations lies a powerful framework, particularly in macroeconomics, for understanding how ...

The game theory of Bitcoin and cryptocurrencies analyzes the behavior and strategies of participants in the market using concepts such as the prisoner’s dilemma. Game theory is a mathematical ...

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 ...

In most negotiations, people assume success comes from persuasion or compromise at the table. But those who understand game theory know the real strategy starts long before the first conversation.

Thomas Schelling and Robert Aumann have won the 2005 Nobel Prize in Economics. Alex Chadwick talks to Tess Vigeland of Marketplace about the two men, who were recognized for their contributions to ...