Physicist Albert Einstein famously posited that if he only had an hour to crack a daunting problem, he'd devote 55 minutes to ...

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 ...

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 ...

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 ...

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 ...

Branislav L. Slantchev, PhD, professor of political science at UCSD and a Solana Beach resident, provided his insights on the ...

In a world experiencing growing inequality and intolerance, tools borrowed from science and mathematics could be the key to understanding and preventing prejudice. Experts apply evolutionary game ...

There’s plenty of advice out there for aspiring negotiators, but none of it holds much resonance for the underdog. Harvard scholars will tell you to “control your emotions” and not appear anxious to ...

(Phys.org) -- Imposing trade restrictions on parallel imports has the surprising effect of motivating a firm to export, according to a new study using game theory economic analysis. (AP) -- Sony Corp.

I n the epilogue of their blockbuster book Mostly Harmless Econometrics (2009), Josh Angrist and Steve Pischke write, “If applied econometrics were easy, theorists would do it.” As academic jokes go, ...