Game theory is ultimately about how individual participants in a marketplace can cooperate to their mutual benefit. None of this should be shocking. It’s actually commonplace. As long as I’ve been ...

Macroeconomists often employ game theory as well, for example, to explain how the government and the private sector interact in monetary policy decisions. But what, exactly, is game theory?

But game theory is one way to understand what's happening. Game theory tries to find order in the chaos of something like a budget negotiation.

Game theory is the study of how players strategize and make decisions. It's a way to model scenarios in which conflicts of interest exist among the players.

University of Maryland professor Thomas Schelling, one of the recent winners of the Nobel Prize for economics, discusses the field of game theory.

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 can be described as the mathematical study of decision-making, of conflict and strategy in social situations. It helps explain how we interact in key decision-making processes.

Parrondo's paradox applied in cancer therapy: alternating high and low chemotherapy doses may improve long-term effectiveness ...