Evolutionary game theory offers a dynamic framework to analyse how multiple stakeholders—governments, firms, consumers and other actors—interact and adjust their strategies over time in the pursuit of ...
A new study uses neural networks to prove that memory and individual recognition allow cooperation to defeat selfishness in the prisoner's dilemma.
John Maynard Smith is best known for his use of mathematical analyses in biology. Trained as an engineer and then as a biologist, Smith applied game theory to animal behavior and found that although ...