The prisoner's dilemma describes a situation in which two parties act on an incentive to protect themselves at the expense of the other. Find out how it works in economics.

HAYWARD, Calif. -- There seems to be a strategy for almost everything-- for dieting, investing and even for winning games. The 14-day winning streak for 35-year-old James Holzhauer on "Jeopardy!" has ...

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 ...

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