Game Theory

Game theory is the study of mathematical models of strategic interaction among rational decision-makers. It has applications in all fields of social science, as well as in logic, systems science and computer science. Originally, it addressed zero-sum games, in which each participant's gains or losses are exactly balanced by those of the other participants. In the 21st century, game theory applies to a wide range of behavioral relations, and is now an umbrella term for the science of logical decision making in humans, animals, and computers. Modern game theory began with the idea of mixed-strategy equilibria in two-person zero-sum games …

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Publications

RAND Corporation · 28 May 2024 English

The centrality of technology to the outcome of strategic competition motivates an analytic task: the development of methodologies for assessing the state of play of technological competition. One such methodology …

by a high degree of uncertainty. In lieu of game theory and other analytic methods, net assessment favors


NBER: National Bureau of Economic Research · 23 May 2024 English

Using data on U.S. state and federal taxes and transfers over a quarter century, we estimate a regression model that yields the marginal effect of any shift of market income …

Kurz and Roger Myerson for providing helpful game theory insights and encouragement at an early stage


WZB: Wissenschaftszentrum Berlin für Sozialforschung · 13 May 2024 Japanese

264 ‘The Legitimacy and Legitimation of International Organizations: Introduction and Framework’ (together with Jonas Tallberg), in: The Review of International Organizations, 14:4, 1-26. [...] 207 ‘Introduction – From Rule of …

and International Institutions: On the Use of Game Theory in International Politics’, in: Frank Pfetsch


NBER: National Bureau of Economic Research · 10 May 2024 English

Starting from Robbins (1952), the literature on experimentation via multi-armed bandits has wed exploration and exploitation. Nonetheless, in many applications, agents' exploration and exploitation need not be intertwined: a policymaker …


RAND Corporation · 8 May 2024 English

Improvements in Russian and Chinese counterspace capabilities could endanger the space-based capabilities that the United States relies on for a broad array of military and economic functions. In this report, …

Competition and the Dynamics of Conflict: Using Game Theory and Artificial Intelligence to Gain Strategic


NBER: National Bureau of Economic Research · 3 May 2024 English

This paper analyzes dynamic oligopoly models where investment is the principal strategic variable of interest, there are a large number of investment choices, and there are privately observed shocks to …


NBER: National Bureau of Economic Research · 3 May 2024 English

Machine learning algorithms can find predictive signals that researchers fail to notice; yet they are notoriously hard-to-interpret. How can we extract theoretical insights from these black boxes? History provides a …

crucial role in the development of asset pricing, game theory, intertemporal choice, and many other fields asset pricing, Camerer and Thaler (1995) in game theory, Froot and Thaler (1990) in international finance


NBER: National Bureau of Economic Research · 3 May 2024 English

We examine innovative contexts like scientific research or technical R&D where agents must search across many potential projects of varying and uncertain returns. Is it better to possess incomplete but …


ORF: Observer Research Foundation · 1 May 2024 English

Executive Summary The rapid evolution of artificial intelligence (AI) is poised to create societal transformations. Indeed, AI is already emerging as a factor in geopolitics, with malicious non-state actors exploiting …

Additionally, there is no established “war game” theory regarding the behaviour of non-state actors


RAND Corporation · 30 April 2024 English

To determine how much the United States can rely on its network of allies and partners, researchers constructed global networks representing diplomatic, military, and economic elements of national power in …

understanding of alliances corresponds to classical game theory predictions of a snowdrift game, in which a


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