Bitcoin's decentralized consensus mechanism works based on some cleverly crafted incentive structures. The first and fundamental rule is that the chain with the most work is the correct one. This ...

Strategic decision making lies at the heart of game theory and market competition research, providing a framework to understand how rational agents interact under conditions of uncertainty and ...

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 topic that I have applied many times as a startup. If you are not familiar, Game theory is a study of strategic decision making, and is applied in many ways without people knowing it.

Game Theory was invented by the brilliant mathematician John von Neumann, who also co-authored the first book on the topic with Oscar Morgenstern, an economist. (I actually took a course in Game ...

John Nash Jr., whose life was depicted in the book and Academy Award-winning film A Beautiful Mind, was killed in a car accident along with his wife on May 24. They had just returned from Norway, ...

The United States throwing its weight behind Bitcoin would effect a massive shift in the game theory underpinning Bitcoin, but probably not in the way you think. Bitcoin’s decentralized consensus ...