Why Aren’t We Law-Abiding?
Kaushik Basu’s new book uses game theory to explore why some laws are obeyed while others are flouted.
The Terrible, Horrible, No Good, Very Bad Movie-Plan Problem
Our weekly explainer on economics using lessons from popular culture. In Installment 62, we use Game Theory to plan movie outings.
Splitting the Loot Is No Joke
Our weekly explainer on economics using lessons from popular culture. In Installment 57, The Dark Knight demonstrates the Shapley Value.
Goethe’s Noble Failure
Long before the birth of game theory, a German author designed an auction for his book. What happened next will astound you.