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COOPERATION OR COMPETITION: The Prisoner's Dilemma and Game Theory
Game theory, which uses mathematical models to study human behavior and interactions in games, has applications in areas that range widely from politics and economics to warfare and international...
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WINNER TAKE ALL: Games, game theory, and conflict resolution
Games and game theory crop up frequently as topics in conflict resolution literature. Games, after all, are a great tool for teaching conflict resolution theories and skills, and game theory, which...
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GAME THEORISTS SHARE NOBEL ECONOMICS PRIZE FOR WORK IN STUDY OF COOPERATION...
As numerous news sources reported today, two game theorists—one an economist, the other a mathematician, were awarded the Nobel Prize in economics yesterday. According to its press release, The Royal...
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The ups and downs of conflict: a game theory analysis of the toilet seat issue
As a way to announce my return to blogging following a brief hiatus, I begin with a post that concerns one of the world’s most intractable conflicts (at least since the invention of indoor plumbing):...
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Game Theory Tuesdays at Mind Your Decisions Blog
Economics professor David K. Levine defines game theory this way: What economists call game theory psychologists call the theory of social situations, which is an accurate description of what game...
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Playing around: game theory in popular culture
There is something irresistible about game theory. A branch of mathematics devoted to understanding social interaction and decision making, it holds relevance – and fascination – for students and...
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