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 ...

Paulson, Elisabeth C., Igor Linkov, and Jeffrey Keisler. "A Game Theoretic Model for Resource Allocation Among Countermeasures with Multiple Attributes." European Journal of Operational Research 252, ...

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 ...

Control theory is the study of how one can use feedback to modify the behavior of a system — such as a robot, vehicle, chemical or biological process, power grid, stock portfolio, or an ecosystem — so ...

The first-mover advantage has allowed Tesla, Inc. to pave the way for its current lineup of electric vehicles. However, it is questionable whether this advantage still exists because market conditions ...

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 ...

The Iranian/Israeli conflict can be explained as a prisoner’s dilemma, which is the most famous game theory model. In the classic prisoner’s dilemma game, there are two players who do not cooperate.