Cooperative game theory provides a robust framework for understanding how individuals or entities may form coalitions to achieve joint benefits. Central to this field is the Shapley value, a concept ...

Game theory applications have increasingly become central to understanding and enhancing security measures and effective resource allocation in complex, real-world scenarios. By framing strategic ...

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 ...

The State University of New York at Stony Brook (Stony Brook University) was announced as host to the Eighth World Congress of the Game Theory Society. The Congress will take place from July 17 – 21, ...

Using game theory to aid decision making is a natural fit in the business environment. The Cuban missile crisis is frequently cited as an example of the use of game theory. When the Kennedy government ...

Game theory is a powerful tool for understanding strategic behavior in economics, business, and politics. But some experts say its true power may lie in its ability to help us navigate a perilous ...

Control theory is the study of how one can use feedback to modify the behavior of a system — such as a robot, vehicle, chemical or biological process, power grid, stock portfolio, or an ecosystem — so ...

Principles of game theory offer new ways of understanding genetic behavior, a pair of researchers has concluded in a new analysis. Principles of game theory offer new ways of understanding genetic ...