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Game theory also applies to larger economic issues. In a more practical sense, it pertains to fair auctions, says Jennifer Chayes, dean of the School of Computing at UC Berkeley, who’s ...
The Greek finance minister is an expert in game theory. Could this help predict how the Eurozone negotiations will turn out, asks Marcus Miller, professor of economics at the University of Warwick ...
The paper gives a brief survey of the origins of game theory. The author argues that the game theory of von Neumann and Morgenstern should be seen as an attempt to formulate more realistic behavioral ...
Everyday Economics The Eligible-Bachelor Paradox How economics and game theory explain the shortage of available, appealing men.
Roth, Alvin E. " The Economist As Engineer: Game Theory, Experimental Economics and Computation As Tools of Design Economics." Econometrica 70, no. 4 (July 2002): 1341–1378.
A leading economist explains why game theory has become so important in economics, and how Jane Austen anticipated its results a mere 200 years ago.
For example, what distinguishes game theory, and economics generally, from other social science approaches is its emphasis on individual choice. That’s how economists explain behavior.
Thomas C. Schelling and Robert Aumann are co-winners of the 2005 Nobel Prize in Economics. The two worked independently to apply game theory to social and political problems. Robert Siegel speaks ...
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