Why the U.S. China Trade War Is like An OPEC Meeting

The one similarity shared by the U.S. China Trade War, OPEC negotiations, and two burglars separated in jail is the Prisoners’ Dilemma.

Why Mapping Apps Create the Prisoner’s Dilemma

The success of a decision to use Waze, Google Maps, and other mapping apps to avoid traffic can depend on outsmarting the prisoner’s dilemma.

Why UPS and FedEx Have the Prisoners’ Dilemma

Planning their surcharge policy for the holiday shipping surge, UPS and FedEx each was influenced by the Prisoners’ Dilemma.

World Cup Soccer and Game Theory

Economists can explain more about soccer than we might expect. Why, for example, do players rarely kick down the middle when taking a penalty? This takes us to “The Prisoners’ Dilemma.” Please assume that when arrested, two bank robbers do…