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

Cooperative game theory is the study of strategic interactions in which players, or agents, form coalitions to achieve mutual benefits. A central concern in this area is the fair allocation of the ...

Discover how the Centipede Game illustrates conflict between self-interest and mutual benefit, as well as why real-world ...

Unawareness, a situation in which decision makers or players do not contemplate some contingencies or strategies, presents a significant challenge to traditional models in decision theory and game ...

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 ...