Prof. Avinash Dixit, John Nash's colleague and friend explains game theory and its impact on situations we encounter every ...

Consider the simple game discussed in Chapter 2, where Alice and Bob compete to see how much of a debt to Alice that Bob will have to pay back. This is a zero-sum game; Alice wins exactly what Bob ...

Why do people betray others even when cooperating is more beneficial? Using "LIAR GAME" as a subject, I will explain game ...

Let the physical basis of a social economy be given— or, to take a broader view of the matter, of a society. According to all tradition and experience human beings have a characteristic way of ...