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Game Theory

  1. Stop Whining, Nice Guys: You’ll Do Better in the Long Run

    Also, maybe we should all start using game theory to make decisions?

    The field of game theory, and specifically an experiment known as the prisoner's dilemma, has been used in the past to show that being selfish is a surefire way to do the best in the long run. But a new study suggests that might not be the case, showing in computer simulations that cooperation is actually the best overall evolutionary tactic.

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  2. There’s Science Behind Why We Lose at Games

    Game theory is one common way people analyze decision making, but one facet of game theory is based on the idea that the decision is being made by someone with perfect knowledge of what they're doing. That's not always the case. Sometimes people act irrationally or even randomly, and a pair of professors think they know why. They studied game play and decided that some games are too complex to be fully understood, and that affects the decision making of the players.

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  3. The Fix is in: Bookies Bet Call of Duty: Black Ops 2 Will Be The Holiday Season’s Best-Selling Game

    Holiday shopping has become a bit of spectacle, hasn't it? Between the rise of Black Friday sales and the mass hysteria that can ensue over "it-gifts", it's not hard to see how you could get a sort of disturbing, secret enjoyment about watching the world's mad dash to buy the right presents. For some of us, though, watching simply won't be enough... Which is why a couple of UK-based online bookies are setting odds for what video game will sell the most copies this holiday season. Of course, the odds heavily favor Call of Duty: Black Ops II. With Call of Duty games winning the holiday race for the last three years, how could they not?

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