Explore how backward induction helps solve game theory problems by working from the end backward to determine optimal actions ...

If players' beliefs are strictly nonadditive, the Dempster-Shafer updating rule can be used to define beliefs off the equilibrium path. We define an equilibrium concept in sequential two-person games ...

In A Model of Retirement Planning, Part 1, I wrote that the challenge of retirement income planning is to best position ourselves to maintain our desired standard of living throughout an unpredictable ...

But what does game theory look like in practice? What kinds of ‘games’ fall under this concept, and how do they enhance our understanding of strategic behavior in real-life situations? In this article ...

All the Latest Game Footage and Images from Sequential Dungeon Welcome to Sequential Dungeon, where 64 different levels in 8 uniquely themed floors await you in a simple yet challenging experience!

Game theory applications have increasingly become central to understanding and enhancing security measures and effective resource allocation in complex, real-world scenarios. By framing strategic ...