The study of rationality and game theory explores the intricate processes through which individuals make decisions in environments of strategic interdependence. At its core, game theory provides a ...

Ever wonder how nodes are incentivized in a blockchain to ensure trust, consensus and cooperation in a system with no central authority? The answer lies in game theory, the mathematical study of ...

The 12-day war between Israel and Iran may have paused-but the next round of violence is already taking shape. As of writing ...

What role does the theory of rational choice play in the scientific evolution of the work of Elinor Ostrom? Ostrom accepts, rejects, and makes critical improvements to the prior achievements of the ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Game theory studies the decision-making and possible outcomes in games. For decades, it has ...

Why did you decide to pursue this career? I first learned about game theory in high school, before attending university. In Japanese schools, beginning in elementary, junior high, to high school, ...

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 ...