Game theory is now part of almost every economist's tool-kit, as this week's Nobel economics prize recognises IT SOUNDS like a sports fan's dream. In Stockholm on October 11th, three men shared a $1m ...

4/22/2009 - Game theorists have studied the concept of Nash equilibrium since it was defined by mathematician and economist John Forbes Nash in 1950. But what is Nash equilibrium? And how does it fit ...

This question originally appeared on Quora. Answer by Balaji Viswanathan, currently working on From Tryst to Tendulkar: The History of Independent India: Game theory is a study of strategies involved ...

I first learned my craft on Wall Street in the 1980s, a very different era, characterized by the bravado of Gordon Gekko’s “Greed is Good” speech. During that period, I was taught that all ...

Nash equilibrium helps predict other investors' moves; no net gain by altering your long-term strategy. A dominant strategy excels regardless of others' actions, aiding investment decisions. Using ...

What does it mean to behave rationally? This question sounds like a problem for philosophers. Yet mathematicians also have something to say about it. In the last few decades, game theory—the ...