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Why do we learn to reward cooperation?

Researchers at the Max Planck Institute in Plön show that reputation plays a key role in determining which rewarding policies people adopt. Using game theory, they explain why individuals learn to use rewards to specifically ...

Is MLB ready to compete for next generation of fans?

While football and basketball are now the most popular and financially successful of the four major professional sports leagues, Major League Baseball appears to be rallying. Last week, MLB said revenue for the 2022 regular ...

Psychological game theory: When emotions enter the equation

As brilliantly visualized in the Disney-Pixar animated movie "Inside Out" (2015), emotions guide most of our actions, if not all. However, for a long time, economists did not pay much attention to emotions and how they shape ...

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