The first-mover advantage has allowed Tesla, Inc. to pave the way for its current lineup of electric vehicles. However, it is questionable whether this advantage still exists because market conditions ...

Avinash Dixit, John J. F. Sherrerd '52 University Professor of Economics at Princeton University, is John Nash's colleague and friend. He has taught economics courses on games of strategy, and written ...

What is game theory? Simply put, if you are playing any game of strategy, like chess, any move you make in the game will have to be countered by your opponent. The strategic decisions that you and ...

A game theory-inspired model shows how the areas around train doors become crowded at rush hour. The model could eventually be used as a tool for designing safer public venues. When two parties ...

The game theory of Bitcoin and cryptocurrencies analyzes the behavior and strategies of participants in the market using concepts such as the prisoner’s dilemma. Game theory is a mathematical ...