The comparison may seem far-fetched, but two researchers won the Nobel Memorial Prize in Economic Sciences for using so-called game theory to explain major political and economic conflicts.

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 ...

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.

Everyday Economics The Eligible-Bachelor Paradox How economics and game theory explain the shortage of available, appealing men.

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 ...

Mathematician John Nash's contribution to Game theory made it very popular. It can explain how and why Facebook paid $19 billion to acquire WhatsApp.

Game theory can also be seen as the application of econo-think to non-monetary aspects of life. There’s nothing economists like better than to show how someone who seems to be behaving irrationally, ...