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

Vaccine hesitancy isn’t a moral failure – it’s a property of a system in which people must balance personal and collective ...

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 ...

A recent solution to the prisoner’s dilemma, a classic game theory scenario, has created new puzzles in evolutionary biology. Press and Dyson’s new solution to the problem, however, threw that rosy ...

The game theory of Bitcoin and cryptocurrencies analyzes the behavior and strategies of participants in the market using concepts such as the prisoner’s dilemma. Game theory is a mathematical ...

Donald Trump imposed high tariffs before negotiations to set terms and pressure partners Tariffs included 25% on India, 35% on Canada, 30% on Mexico and the EU, plus proposed blanket tariffs Trump ...

TOPSHOT - President Trump's plan to create a "national bitcoin stockpile" has fueled speculation that other countries will follow suit. Game theory helps explain the logic behind Bitcoin's recent ...

The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their ...

Adapted from The Game Theorists’s Guide to Parenting: How the Science of Strategic Thinking Can Help You Deal with the Toughest Negotiators You Know—Your Kids, by Paul Raeburn and Kevin Zollman, by ...