But what does game theory look like in practice? What kinds of ‘games’ fall under this concept, and how do they enhance our understanding of strategic behavior in real-life situations? In this article ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

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

Forbes contributors publish independent expert analyses and insights. I am an attorney specializing in sports, litigation, and labor and employment. As I have previously written, the Tour de France is ...

Zico Kolter, a Carnegie Mellon professor and board member at OpenAI, tells WIRED about the dangers of AI agents interacting with one another—and why models need to be more resistant to attacks. Kolter ...