It's a breakthrough process for the researchers, who in previous game theory experiments could only study about 35 people -- the maximum number that could fit in their lab.

Game theory was initially developed in economics to understand behavior of firms, markets, consumers etc. Since then, its scope and use has expanded to various fields like politics, sociology ...

When robots work safely with humans, they can provide clear benefits. Industries facing labor shortages, such as elder care, could see relief. Physically demanding jobs might also become safer for ...

Game theory, the study of strategic decision-making, has long been a tool for economists, mathematicians, and political scientists to analyse human behaviour in competitive scenarios. Let's take a ...

Discover how game theory helps model strategic scenarios in diverse fields like business, economics, and politics. Learn key concepts and practical applications today.

Game theory is used in cybersecurity to observe the nature of a cyber incident— where network defenders, attackers, and users, interact and produce outcomes.

The Theory These parameters smack of what economists like to call an indefinitely iterated prisoner’s dilemma. In simplified game theory models, we talk of two parties playing a strategy one ...