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 ...
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 ...
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