So you’re standing at the edge of a cliff, chained by the ankle to someone else. You’ll be released, and one of you will get a large prize, as soon as the other gives in. How do you persuade the other ...

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 ...

Game theory gives you a systematic way to think through those possibilities and maximize overall welfare.” “Evolutionary change in response to human interventions, such as the evolution of resistance ...

This is part of our “Econ Extra Credit” project, where we read an introductory economics textbook provided by the nonprofit Core Econ together with our listeners. Robots are doing their part during ...

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 ...

7/16/2008 - John Nash. Roger Myerson. Robert Aumann. Eric Maskin. Just some of the quantitative luminaries on hand for the Game Theory Society’s Third World Congress, hosted by the Kellogg School from ...

HAYWARD, Calif. -- There seems to be a strategy for almost everything-- for dieting, investing and even for winning games. The 14-day winning streak for 35-year-old James Holzhauer on "Jeopardy!" has ...

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 ...

Human behavior drives the evolution of biological organisms in ways that can profoundly adversely impact human welfare. Understanding people's incentives when they do so is essential to identify ...