The original version of this story appeared in Quanta Magazine. Imagine a town with two widget merchants. Customers prefer cheaper widgets, so the merchants must compete to set the lowest price.

The legend of Petscop never ceases to confuse me. If you haven't heard of this weird blip in internet history, it's probably for good reason. This horror series was created by Tony Domenico eight ...

Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. Game theory was once hailed as a revolutionary ...

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 ...

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 ...

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 ...

Back in April, President Trump gave trading partners 90 days to strike trade deals, or face the reimposition of his so-called reciprocal tariffs. July 9 (last Wednesday) was D-Day. The deadline came ...

Looking at my bookshelf, I’m stricken with guilt: the collected Sherlock Holmes stories by Arthur Conan Doyle have been sitting untouched for years. Unfortunately, I never got past the fantastic ...

The growing ubiquity of artificial intelligence (AI) in applications is rapidly changing everyday life, underscoring the need to understand its social intelligence. A new AI study examines the social ...

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 ...