The prisoner's dilemma is a game used by researchers to model and investigate how people decide to cooperate—or not. Imagine that Prisoner A and Prisoner B are charged with a crime and detained ...

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The tariff pause is also a signal—a visible action meant to convey intent. Signaling theory suggests that rational players use costly moves to prove they are serious. Trump’s split strategy (carrots ...

One of the most well-known models in game theory is the prisoner’s dilemma, which highlights a paradox in which decision makers often struggle to cooperate even when it is in their collective ...

VSF plants had previously secured a certain amount of presale orders, and overall industry was at a moderate level, resulting in decent operational data. However, facing sluggish downstream market, ...

The main reason why tax incentives for players aren’t an effective tool is what University of Central Arkansas economics professor Jacob Bundrick describes as a “prisoner’s dilemma.” ...

Yesterday saw the worst selloff since the pandemic. Equity markets gave a strong reaction to Trump’s tariff nonsense: the ...