Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

So you’re standing at the edge of a cliff, chained by the ankle to someone else. You’ll be released, and one of you will get a large prize, as soon as the other gives in. How do you persuade the other ...

Human behavior drives the evolution of biological organisms in ways that can profoundly adversely impact human welfare. Understanding people's incentives when they do so is essential to identify ...

Vol. 195, No. 2, Special Issue on GAMES, INTERACTIVE RATIONALITY, AND LEARNING: THE EVOLUTION OF INFERENCE (February 2018), pp. 835-862 (28 pages) In this paper we present a new proposal for defining ...

Economic theory has evolved into a multifaceted discipline that not only articulates the fundamental principles governing resource allocation and decision‐making but also integrates classical ideas ...

In its negotiations on the two key infrastructure bills, Congress members are utilizing the classic economic concept of game theory to outmaneuver one another. We look at what this federal ...

Russia’s invasion of Ukraine is five months old, and no clear end is in sight. As the invasion turns into a long-term war, it’s time to think strategically about what can be done now to manage and ...

On March 19, 1956, The New York Times carried an interview with Matyas Rakosi, who was described as “Hungary’s ebullient Communist boss.” Rakosi said that his enemies had accused him of using “salami ...