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 ...

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 ...

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.

What does it mean to behave rationally? This question sounds like a problem for philosophers. Yet mathematicians also have something to say about it. In the last few decades, game theory—the ...