The State University of New York at Stony Brook (Stony Brook University) was announced as host to the Eighth World Congress of the Game Theory Society. The Congress will take place from July 17 – 21, ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

I'm a microeconomist by training and use the economic theory of games throughout most of my research program. Game theory is used as a tool for economic analysis whenever two or more players (people, ...

Three American researchers were awarded the Nobel Prize in economics Monday, honoring their developments in using game theory to examine financial market activity. One of the winners, Roger B. Myerson ...

At first glance, it seems strange to think that math used for describing business competition, fighting terrorists and playing poker would also have anything to do with the origin of life. But you ...

An American and an American Israeli were awarded the Nobel Memorial Prize in Economic Sciences on Monday for fostering the understanding of conflict and cooperation -- in matters such as nuclear arms ...

Cooperative game theory is often seen as a numbers-driven discipline rooted in mathematics. Yet beyond the equations lies a powerful framework, particularly in macroeconomics, for understanding how ...

But what does game theory look like in practice? What kinds of ‘games’ fall under this concept, and how do they enhance our understanding of strategic behavior in real-life situations? In this article ...