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

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 ...

Using game theory, researchers modeled two ways of prioritizing vaccinations, to see which saved more lives. By Siobhan Roberts Madhur Anand, an ecologist, and her husband, Chris Bauch, a mathematical ...