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 ...

To understand how driverless vehicles can navigate the complexities of the road, researchers often use game theory — mathematical models representing the way rational agents behave strategically to ...

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 ...

The world continues to reel from the pandemic and, among many other things, the shortage of medical supplies that has resulted. Yes, the world has experienced natural disasters, but they are typically ...

Discover how game theory strategies improve decision-making in business, finance, and economics. Enhance your analytical skills with real-world applications.

A game theory-inspired model shows how the areas around train doors become crowded at rush hour. The model could eventually be used as a tool for designing safer public venues. When two parties ...

Most game theory models don't reflect the relentlessly random timing of the real world. In a new article, two economists and a physicist model what happens when players receive information or act at ...

A researcher has solved a nearly 60-year-old game theory dilemma called the wall pursuit game, with implications for better reasoning about autonomous systems such as driver-less vehicles. To ...