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.

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 ...

Game theory and insights from cognitive psychology can shed light on the economic choices people and corporations make. With more than 2.5 million observations to analyze -- as well as a ...

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, ...

To gauge game theory’s future, Myerson, an economist at the University of Chicago who was a member of the Kellogg School’s Managerial Economics and Decision Sciences Department from 1976 until 2001, ...

The researchers take the mathematical model further by implementing game theory, which analyzes how individuals’ decisions are interconnected and can impact each other – such as physicians in ...

Game theory and economics show how to steer evolution in a better direction Date: November 16, 2021 Source: PLOS Summary: Human behavior drives the evolution of biological organisms in ways that ...

The Undercover Economist World Cup Game Theory What economics tells us about penalty kicks.

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.