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 ...

Twenty years on, the 2005 economics Nobel-winning duo Schelling and Aumann’s work offers several lessons to understand ...

Game theory has long served as a cornerstone in understanding competitive strategies in markets where few firms operate. In particular, duopoly and oligopoly frameworks illustrate how firms’ strategic ...

Imagine a town with two widget merchants. Customers prefer cheaper widgets, so the merchants must compete to set the lowest price. Unhappy with their meager profits, they meet one night in a ...

Quantum game theory represents an emerging interdisciplinary field that extends the classical paradigms of game theory into the quantum domain. By utilising principles of quantum mechanics—such as ...