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 ...

The absence of a meaningfully coordinated defense might have been predicted from the “prisoner’s dilemma,” a classic game-theory framework that reveals why rational actors often fail to ...

Citations: Roth, Alvin, J. Keith Murnighan. 1978. Equilibrium behavior and repeated play in prisoners' dilemma games. Journal of Mathematical Psychology. (2)189-198.

Yesterday saw the worst selloff since the pandemic. Equity markets gave a strong reaction to Trump’s tariff nonsense: the S&P500 lost almost 5% erasing around $2 trillion in market capital ...

Trump's tariffs have thrown markets into chaos, but how will US earnings season be affected? Ian Whittaker lays it out in ...

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 ...

The Government of National (GNU) is currently going through a rough patch, with DA leader John Steenhuisen calling for a “reset” in the relationship and activating Clause 19 of the Statement ...