In contrast to Brussels that shut down its infrastructure under the threat of a possible ISIS terrorist attack, Israeli infrastructure accounts for possible terrorist attacks so that an attack will ...

John Nash's great contribution to economics - the one for which he was awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 1994 - is his proof, in his 1950 Princeton ...

The concept of Nash equilibrium has long served as a cornerstone in game theory, characterising a state where no player can benefit by changing their strategy unilaterally. Recent advancements have ...

If you think that there are decent societies, then you probably also believe it is possible for most people to be decent in a Nash equilibrium. That is because any long-run social outcome is close to ...

Getting your Trinity Audio player ready... The world will be a poorer place without John Nash, one of the pioneers of game theory, who died Saturday at 86 in a car crash along with his wife. Most Nash ...

Nash equilibrium lies at the heart of game theory, representing a condition in which every participant chooses a strategy that optimises their individual outcome given the strategies of the others.