Game Theorists win Nobel Prize

Simulating and predicting the outcome of life threatening conflict through gaming:

“Game theory was first developed by Hungarian mathematician John von Neumann in the 1940s and 1950s as a way to understand decision-making in the real world where several parties were bargaining, perhaps with unequal resources and information.

It developed into a mathematical theory of strategy, which helped explain which decision, to cooperate or not with rivals, had the best pay-off.. ” link

10. October 2005 by Kieran
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