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The Venezuela intervention cannot be analyzed as a simple two-player game. Russia and China, Venezuela’s principal great-power allies, represent crucial third and fourth players whose responses shape ...
Garys Economics on MSNOpinion

The assumptions that broke game theory

Game theory assumes rational decision-making under clear incentives. Modern systems are shaped by emotion, identity, and ...
Discover the legacy of John Nash, the Nobel Prize-winning mathematician behind the Nash Equilibrium and a key figure in game ...
Speaking to Metro, Dante – who is an associate professor in optimisation and control at Imperial College – said: ‘Whether you ...