Daniel McNulty began writing for Investopedia in 2012. His work includes articles on financial analysis, asset allocation, and trading strategies. Michael Boyle is an experienced financial ...

Is evolution like a well-tuned car that purrs down the road at a steady pace? Or is it more like an aging, rattling jalopy that often lurches forward? The aging jalopy is a handy metaphor for the ...

Discover the legacy of John Nash, the Nobel Prize-winning mathematician behind the Nash Equilibrium and a key figure in game ...

The theory did have its short comings, though. The Nash Equilibrium assumed that the players would not know anything about the other person’s strategy and completely undercut human emotions such as ...

General equilibrium (GE) theory—long the domain of abstract economic models—has found unexpected relevance in today’s turbulent geopolitical and geofinancial landscape. Originally designed to model ...

A general equilibrium model of markets for commodities and assets is considered. We develop the notion of a price system that admits no arbitrage opportunity, and we demonstrate the fundamental role ...

Game theory is the study of how and why players make decisions about their circumstances. Using game theory, real-world scenarios for such situations as pricing competition and product releases can be ...

The concept of Nash equilibrium has long served as a cornerstone in game theory, characterising a state where no player can benefit by changing their strategy unilaterally. Recent advancements have ...