It's a breakthrough process for the researchers, who in previous game theory experiments could only study about 35 people -- the maximum number that could fit in their lab.

Game theory is a branch of applied mathematics and economics that studies situations where players choose different actions in an attempt to maximize their returns. First developed as a tool for ...

Macroeconomists often employ game theory as well, for example, to explain how the government and the private sector interact in monetary policy decisions. But what, exactly, is game theory?

The mathematical description of a zero-sum two-person game is not difficult to construct, and determining the optimal strategies and the value of the game is computationally straightforward.