Game theory can also be seen as the application of econo-think to non-monetary aspects of life. There’s nothing economists like better than to show how someone who seems to be behaving irrationally, ...

The researchers take the mathematical model further by implementing game theory, which analyzes how individuals’ decisions are interconnected and can impact each other – such as physicians in ...

Game theory and economics show how to steer evolution in a better direction Date: November 16, 2021 Source: PLOS Summary: Human behavior drives the evolution of biological organisms in ways that ...

Game theory has a wide range of applications, including psychology, evolutionary biology, war, politics, economics, and business. Despite its many advances, game theory is still a young and ...

Julia R. Cartwright is a PhD economist at the American Institute for Economic Research. She specializes in law and economics, political economy, and development, with research spanning crypto market ...

Game Theory is a theoretical framework that predicts human behavior in the context of cooperative dilemmas. Students of economics will remember that Game Theory teaches us the importance of trust ...

When robots work safely with humans, they can provide clear benefits. Industries facing labor shortages, such as elder care, could see relief. Physically demanding jobs might also become safer for ...

Experts apply evolutionary game theory, which combines techniques from economics and biology, and complex system analysis to investigate the relationship between inequality and intolerance.

Research from all publishers Recent research in economic theory has been marked by the incorporation of dynamic optimisation and fuzzy differential game models that provide novel insights into ...

Applications of game theory to moral philosophy are impeded by foundational issues and troublesome examples. In the first part of this paper, questions are raised about the appropriate ...