The friendly extortioner takes it all

Cooperating with other people makes many things easier. However, competition is also a characteristic aspect of our society. In their struggle for contracts and positions, people have to be more successful than their competitors ...

How to apply game theory to buying your Christmas presents

According to Sheldon from The Big Bang Theory, if someone is buying you a Christmas gift then the "essence of the custom is that I now have to go out and purchase for you a gift of commensurate value and representing the ...

Climate negotiation as a bargaining game

For more than two decades, members of the United Nations have sought to forge an agreement to reduce global greenhouse gas emissions. But so far, these international climate negotiations have had limited success.

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