How much reciprocity would be demanded in order to share benefits? Was the test going to play out like a dog-eat-dog Hunger Games? In short, the students spent the entire week living Game Theory.

Game theory is the study of how and why players make decisions. Nash equilibrium helps a player determine the best payoff based not only on their decisions but also on the decisions of other ...

Game theory is usually difficult to test in the field because predictions typically depend sensitively on features that are not controlled or observed. We conduct one such test using both laboratory ...

Prof. Avinash Dixit, John Nash's colleague and friend explains game theory and its impact on situations we encounter every day.

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 ...

Researchers are drawing on ideas from game theory to improve large language models and make them more correct, efficient, and consistent.

The concepts of game theory became a revolutionary interdisciplinary phenomenon, but they are still relevant for business today.