Nash equilibrium lies at the heart of game theory, representing a condition in which every participant chooses a strategy that optimises their individual outcome given the strategies of the others.

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 ...

What does it mean to behave rationally? This question sounds like a problem for philosophers. Yet mathematicians also have something to say about it. In the last few decades, game theory—the ...

Lucye Rafferty/The Hoya Professor Ariel Rubinstein discusses game theory yesterday in ICC Auditorium. Here’s a problem: you have to share $100 with someone that you don’t know. You must offer to split ...

Breakthroughs, discoveries, and DIY tips sent every weekday. Terms of Service and Privacy Policy. Three slices of fresh apple pie sit on the kitchen counter, and you ...

Nash equilibrium is a useful concept for understanding economic agents' behavior. This concept could be applied to the oil market. Any efforts to cut oil production will be useless, as the theory ...

In a recent artificial intelligence (AI) machine learning breakthrough in game theory, researchers solve a persistent problem with real-world applicability—for the better. At last month’s 34th ...