Techno-News Blog

August 22, 2012

The Emerging Revolution in Game Theory

Filed under: Uncategorized — admin @ 12:26 am

by The Physics arXiv Blog

The world of game theory is currently on fire. In May, Freeman Dyson at Princeton University and William Press at the University of Texas announced that they had discovered a previously unknown strategy for the game of prisoner’s dilemma which guarantees one player a better outcome than the other. That’s a monumental surprise. Theorists have studied Prisoner’s Dilemma for decades, using it as a model for the emergence of co-operation in nature. This work has had a profound impact on disciplines such as economics, evolutionary biology and, of course, game theory itself. The new result will have impact in all these areas and more.

http://www.technologyreview.com/view/428920/the-emerging-revolution-in-game-theory/

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