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

Hundreds of millions of debris fragments zip around Earth at speeds exceeding 15,000 mph, posing a constant threat to astronauts and spacecraft. Thanks to prohibitive costs, no one is bothering to ...

And, as we changed this means of interaction rather quickly, one way we did it has to do with games. Game engines are now AI ...

Differential game theory examines the strategic interactions among multiple decision‐makers whose actions evolve continuously over time, typically represented by systems of differential equations.

Unawareness, a situation in which decision makers or players do not contemplate some contingencies or strategies, presents a significant challenge to traditional models in decision theory and game ...

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 ...