To understand how driverless vehicles can navigate the complexities of the road, researchers often use game theory — mathematical models representing the way rational agents behave strategically to ...
Ever wonder how nodes are incentivized in a blockchain to ensure trust, consensus and cooperation in a system with no central authority? The answer lies in game theory, the mathematical study of ...
This paper combines a survey of existing literature in game-theoretic pragmatics with new models that fill some voids in that literature. We start with an overview of signaling games with a conflict ...
Control theory is the study of how one can use feedback to modify the behavior of a system — such as a robot, vehicle, chemical or biological process, power grid, stock portfolio, or an ecosystem — so ...
The world continues to reel from the pandemic and, among many other things, the shortage of medical supplies that has resulted. Yes, the world has experienced natural disasters, but they are typically ...
Most game theory models don't reflect the relentlessly random timing of the real world. In a new article, two economists and a physicist model what happens when players receive information or act at ...
At first glance, it seems strange to think that math used for describing business competition, fighting terrorists and playing poker would also have anything to do with the origin of life. But you ...