Having entered the knockouts, World Cup rules mandate a penalty shootout that economists can explain with game theory.
A Congressional Debt Ceiling Game (Theory)
Looking at the game theory behind congressional debt ceiling negotiations, we see a classic example of the prisoner’s dilemma.
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.