Explore how backward induction helps solve game theory problems by working from the end backward to determine optimal actions. Learn with practical examples.

The original version of this story appeared in Quanta Magazine. Imagine you had a friend who gave different answers to the same question, depending on how you asked it. “What’s the capital of Peru?” ...

The game theory of Bitcoin and cryptocurrencies analyzes the behavior and strategies of participants in the market using concepts such as the prisoner’s dilemma. Game theory is a mathematical ...

If natural selection is survival of the fittest, why isn't everything a competition? Cooperation and competition have a fitness face off in game theory. Evolutionary games are often visually ...

Game theory helps investors predict outcomes in markets where decisions impact each other. Understanding game theory equips investors to strategically anticipate market actions. Game theory-informed ...

Parents are more likely to punish their teen's risky behavior when there are younger kids in the family, driven by a desire to set a strict example for these siblings, says new game theory research ...

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 ...

A recent solution to the prisoner’s dilemma, a classic game theory scenario, has created new puzzles in evolutionary biology. Press and Dyson’s new solution to the problem, however, threw that rosy ...

Discover how the Matching Pennies game illustrates strategic decision-making and Nash Equilibrium in game theory, with insights on payoff dynamics and asymmetric strategies.

Donald Trump imposed high tariffs before negotiations to set terms and pressure partners Tariffs included 25% on India, 35% on Canada, 30% on Mexico and the EU, plus proposed blanket tariffs Trump ...