Why Game Theory is Not About Competition

Europe and the United States share the largest trade relationship in the world, worth nearly 2 trillion dollars each year, but that partnership is starting to fracture. Beneath the surface, this relationship is built on deeply interconnected supply chains, financial systems, and ...  Show more

China’s position as the world’s factory is shifting. Growth is slowing to approximately 4-5%, wages are rising, the workforce is shrinking due to an aging population, the property crisis is weighing on GDP, and Western tariffs are restricting exports. For decades, China produced ...  Show more

Every decision you make is a game. You just don't know the rules yet.When you negotiate a raise, you're playing a game. When you decide whether to trust someone, you're playing a game. When you choose a lane in traffic, pick a side in an argument, or figure out whether to coopera ...  Show more

One of the most fascinating areas of mathematics and economics is game theory.  Game theory involves analyzing competitive situations where multiple participants make interdependent decisions. In other words, the result will depend not just on what you decide but on what someone ...  Show more

Melvyn Bragg and his guests discuss game theory, the mathematical study of decision-making. First formulated in the 1940s, the discipline entails devising 'games' to simulate situations of conflict or cooperation. It allows researchers to unravel decision-making strategies, and e ...  Show more

Jeffrey Carpenter and Andrea Robbett's book Game Theory and Behavior (MIT Press, 2022) is an introduction to game theory that offers not only theoretical tools but also the intuition and behavioral insights to apply these tools to real-world situations. This introductory text on ...  Show more