Discover how search theory illuminates market frictions, affecting employment, pricing, and transactions. Learn its ...

Discover how the Matching Pennies game illustrates strategic decision-making and Nash Equilibrium in game theory, with insights on payoff dynamics and asymmetric strategies.

Market design and stable matching theory form the cornerstone of modern economic mechanism design, addressing the fundamental challenge of allocating scarce resources amid complex and often ...

The world of matchmaking won't have to rely on luck, as much as math, thanks to one very accomplished teenager. Yunseo Choi, a senior at Phillips Exeter Academy in New Hampshire, came up with a ...

We investigate the testable implications of the theory of stable matchings. We provide a characterization of the matchings that are rationalizable as stable matchings when agents' preferences are ...

What if you could predict your competitor’s next move before they even made it? Game theory gives you the tools to do just that. Have you ever noticed how a new product launched by one brand often ...