A simple model developed by a RIKEN researcher and a collaborator predicts the emergence of self-organized institutions that manage limited resources such as fisheries or irrigation water. This model ...

The prisoner's dilemma describes a situation in which two parties act on an incentive to protect themselves at the expense of ...

Researchers are drawing on ideas from game theory to improve large language models and make them more correct, efficient, and consistent.

What Game are You Playing? Game theory is often introduced to future decision makers at a young age through tic-tac-toe then continues with chess strategy and sunsets with a few examples in ...

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 ...

Auction theory could help algos to better respond to live order book and unexpected events, and the Nash Equilibrium could help algos set optimized parameters based on market structure equilibrium.

Another example near and dear to us, actually, public radio listeners engage in a form of game theory. Whether you donate or not comes down to an issue of what they call a social dilemma.