When consulting with friends about which restaurant to go to for lunch. When a local rival store lowers its prices. When you ...

Prof. Avinash Dixit, John Nash's colleague and friend explains game theory and its impact on situations we encounter every ...

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 ...

They emphasized that the 'Axis of Resistance' - including Hezbollah, Hamas, and the Houthis - pose a real threat with the costs of an all-out war would be too high for Israel. A panel of game theory ...

In Lewis Carroll's "Alice Through the Looking Glass," the eponymous heroine encounters the Red Queen, who involves her in a ...

The original version of this story appeared in Quanta Magazine. Imagine a town with two widget merchants. Customers prefer cheaper widgets, so the merchants must compete to set the lowest price.