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 ...

Stephen Woodcock does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...

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 ...

John F. Nash Jr. is widely known as the subject of the Oscar-winning film “A Beautiful Mind,” but his contributions to the advancement of human knowledge are far greater. Nash paved the way for game ...

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 ...