Game theory applications have increasingly become central to understanding and enhancing security measures and effective resource allocation in complex, real-world scenarios. By framing strategic ...

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 ...

John Von Neumann, the inventor of game theory, developed this powerful analytical method for the field of economics. But he immediately understood its application to conflict, including warfare. We ...

This is a study of the axiomatic method and its recent applications to game theory and resource allocation. It begins with a user's guide. This guide first describes the components of an axiomatic ...

Game Theory was invented by the brilliant mathematician John von Neumann, who also co-authored the first book on the topic with Oscar Morgenstern, an economist. (I actually took a course in Game ...

As you start on this article,look around; you’re likely surrounded by poker players, if not one already yourself. What’s with this poker frenzy among traders? Adrenaline rushes aside, this seemingly ...

OK, in my last post, I promised to reserve judgment on the new book Spousonomics: Using Economics to Master Love, Marriage, and Dirty Dishes by journalists Paula Szuchman and Jenny Anderson, which ...