Game theory looks a decision making in a social context where the outcomes are influenced by both our decisions and by the decisions of others. The tools of Game Theory can be used to better ...

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 ...

Friendship is both ubiquitous and economically important, but neglected in the economic literature. We provide a definition of friendship supported by anthropology research that we believe is ...

Imagine you had a friend who gave different answers to the same question, depending on how you asked it. “What’s the capital of Peru?” would get one answer, and “Is Lima the capital of Peru?” would ...