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

University economist John Nash GS '50 used his "beautiful mind" on the witness stand at a hearing last week in Gainesville, Fla., the Associated Press reported. Nash, winner of the 1994 Nobel Prize in ...

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 ...

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 ...