Low Earth orbit is starting to look less like pristine frontier and more like a crowded shipping lane, with fragments of old ...

Explore how backward induction helps solve game theory problems by working from the end backward to determine optimal actions ...

Nash equilibrium lies at the heart of game theory, representing a condition in which every participant chooses a strategy that optimises their individual outcome given the strategies of the others.

The concept of Nash equilibrium has long served as a cornerstone in game theory, characterising a state where no player can benefit by changing their strategy unilaterally. Recent advancements have ...

Nash equilibrium helps predict other investors' moves; no net gain by altering your long-term strategy. A dominant strategy excels regardless of others' actions, aiding investment decisions. Using ...

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 ...

John Nash, who died with his wife, Alicia, in a car crash Saturday at 86, was a mathematician, not an economist. But the phenomenon he described — known as Nash’s Equilibrium — revolutionized the ...