game theory Archives

Common Knowledge Makes Us Cooperate More

February 3, 2015 by Merv Mandelbaum

Here’s our favourite phrase: win-win. We bet it’s pretty popular with you too. So, how do we make the big win-win happen? Easy: everyone needs to know the same things. A study published in the Journal of Personality and Social Psychology has found that when people have common knowledge, they’re … Read More

How Fair is Fair?

March 5, 2013 by Staff

If you’re a student of game theory (or paid really close attention to A Beautiful Mind), you’ll have heard of the ultimate game. In a nutshell, two players figure out how do divide a sum of money given to them (say, $100). The first player makes an offer (say, $60/$40), … Read More