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

Differential game theory examines the strategic interactions among multiple decision‐makers whose actions evolve continuously over time, typically represented by systems of differential equations.

Discover how the Centipede Game illustrates conflict between self-interest and mutual benefit, as well as why real-world ...

The growing ubiquity of artificial intelligence (AI) in applications is rapidly changing everyday life, underscoring the need to understand its social intelligence. A new AI study examines the social ...

Unawareness, a situation in which decision makers or players do not contemplate some contingencies or strategies, presents a significant challenge to traditional models in decision theory and game ...

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 ...