A leading economist explains why game theory has become so important in economics, and how Jane Austen anticipated its results a mere 200 years ago.

Thomas C. Schelling and Robert Aumann are co-winners of the 2005 Nobel Prize in Economics. The two worked independently to apply game theory to social and political problems. Robert Siegel speaks ...

Game theorists win economics prize“The understanding of game theory helps explain economic conflicts like price competition and commerce wars,” said Jorgen Weibull, chairman of the prize ...

I'm a microeconomist by training and use the economic theory of games throughout most of my research program. Game theory is used as a tool for economic analysis whenever two or more players ...

Game theory and insights from cognitive psychology can shed light on the economic choices people and corporations make. With more than 2.5 million observations to analyze -- as well as a ...

Game theory can also be seen as the application of econo-think to non-monetary aspects of life. There’s nothing economists like better than to show how someone who seems to be behaving irrationally, ...

To gauge game theory’s future, Myerson, an economist at the University of Chicago who was a member of the Kellogg School’s Managerial Economics and Decision Sciences Department from 1976 until 2001, ...

Coming upon the term "game theory" this week, your first thought would likely be about the Winter Olympics in Sochi. But here we're going to discuss how game theory applies in economics, where it ...

The Undercover Economist World Cup Game Theory What economics tells us about penalty kicks.

For example, what distinguishes game theory, and economics generally, from other social science approaches is its emphasis on individual choice. That’s how economists explain behavior.