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Here Prof. Dixit explains game theory and its impact on situations we encounter every day. "If Nash got a dollar for every time someone wrote or said 'Nash equilibrium,'" Dixit has said ...
Cooperation and competition have a fitness face off in game theory. Evolutionary games are often visually represented as a payoff matrix (Fig. 1a), in which the payoff for the individual involved ...
Game theory, a mathematical framework used to analyse strategic interactions, helps explain why China and India have struggled to move beyond minimal cooperation. The first step towards ...