Explore how backward induction helps solve game theory problems by working from the end backward to determine optimal actions ...

To understand how driverless vehicles can navigate the complexities of the road, researchers often use game theory — mathematical models representing the way rational agents behave strategically to ...

The growing ubiquity of artificial intelligence (AI) in applications is rapidly changing everyday life, underscoring the need to understand its social intelligence. A new AI study examines the social ...

Imagine you had a friend who gave different answers to the same question, depending on how you asked it. “What’s the capital of Peru?” would get one answer, and “Is Lima the capital of Peru?” would ...

Game theory helps investors predict outcomes in markets where decisions impact each other. Understanding game theory equips investors to strategically anticipate market actions. Game theory-informed ...

Imagine a town with two widget merchants. Customers prefer cheaper widgets, so the merchants must compete to set the lowest price. Unhappy with their meager profits, they meet one night in a ...

Playing with Reality: How Games Shape Our World. By Kelly Clancy. Riverhead Books; 368 pages; $30. Allen Lane; £25 In 1824 Prince Wilhelm of Prussia asked for a demonstration of an elaborate game he ...

Cooperative game theory is often seen as a numbers-driven discipline rooted in mathematics. Yet beyond the equations lies a powerful framework, particularly in macroeconomics, for understanding how ...

Breakthroughs, discoveries, and DIY tips sent every weekday. Terms of Service and Privacy Policy. So many things had to happen for us (humans) to end up here (Earth ...

Forbes contributors publish independent expert analyses and insights. I am an attorney specializing in sports, litigation, and labor and employment. As I have previously written, the Tour de France is ...

Looking at my bookshelf, I’m stricken with guilt: the collected Sherlock Holmes stories by Arthur Conan Doyle have been sitting untouched for years. Unfortunately, I never got past the fantastic ...