Economist Michael Chwe has written a book called “Jane Austen: Game Theorist.” Do you need more of a reason to read this post? Video from Michael Chwe’s YouTube channel. I’m a specialist in game ...

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 (people, ...

Discover how mechanism design theory uses incentives and game theory to achieve desired outcomes in economics and businesses while overcoming self-interest challenges.

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

This is part of our “Econ Extra Credit” project, where we read an introductory economics textbook provided by the nonprofit Core Econ together with our listeners. Robots are doing their part during ...

Human behavior drives the evolution of biological organisms in ways that can profoundly adversely impact human welfare. Understanding people's incentives when they do so is essential to identify ...

John Von Neumann, the inventor of game theory, developed this powerful analytical method for the field of economics. But he immediately understood its application to conflict, including warfare. We ...

Soccer -- or football, in most of the world -- is universally popular, especially in years when the World Cup takes place. The sport is also notable for another reason: it has produced a gold mine of ...

Low Earth orbit is starting to look less like pristine frontier and more like a crowded shipping lane, with fragments of old ...

Editor’s Note: Michael Chwe studies game theory — as he says, “the mathematical analysis of strategic thinking.” In particular, he’s interested in how game theory shapes everyday life, as well as what ...