Going round in circles can actually make your journey more efficient.
Why are drugs so pricey?
Spilled pills via www.shutterstock.com
Trump has vowed to use new bidding procedures to curb the soaring cost of new drugs. There's a better solution, however, that doesn't risk also curbing the development of lifesaving treatments.
Renowned economist Thomas Schelling celebrates winning the 2005 Nobel Prize in Economics.
Nobel Prize winner Thomas Schelling will be recognised for his little-known comments that sparked behavioural economics.
Fighting it out.
Stefan Rousseau / PA Wire
Britain will continue negotiating the terms of its relationship with Europe, whatever the outcome of its referendum.
Are the odds in favor of big computer-assisted bettors?
USA Today Sports/Reuters/
Are regular bettors and the house helped or hurt when deep-pocketed, high-volume computer-assisted bettors are wagering? Mathematicians used game theory to model this new wrinkle in parimutuel betting.
Standing up for what’s right can come with a cost to the individual – but also a benefit.
It helps society function when people punish selfish acts, even at a personal cost. A new theory suggests third-party punishment also confers some benefits on the punisher.
The Prisoner's Dilemma suggests that in the long run it's a better strategy to give generously.
We need to find a way to break through the potentially disastrous stalemate wherever everyone waits for someone else to clear up the junk in orbit.
Game theory has a fascinating connection with poker.
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Game theory - making the best decision based on predicting those of others - is connected with both poker and George Orwell.
Surfaces like this are able to be described thanks to the work of Nash.
John Nash is best known for his contributions to game theory, but he will also be remembered for his pioneering work in geometry.
John Nash, May 2015.
The Nobel Prize winning mathematician made lasting contributions in the fields of game theory and topology. Famously portrayed by Russell Crowe in the movie A Beautiful Mind, he died May 23 at age 86.
The Nash bargaining solution was a seminal contribution to Game Theory.
Mathematician John Nash, who died on Saturday, May 24, left a lasting contribution to our understanding of Game Theory.
Nobel Prize winner John Nash in 2007.
The award-winning mathematician gave his name to a concept in game theory that has many applications, from economics to the survival of meerkat colonies.
Your move, Littlefinger.
Sky Atlantic / HBO
But events in the fantasy realm show theorising can't predict everything.
Game for a fight? Varoufakis arrives in Brussels.
EU Council Eurozone
Yanis Varoufakis was supposed to have an academic advantage in tangled talks with the Troika. But politics can mess with the most careful plans.
Game theory needs to evolve to make sense of the complexity of what drives us to cooperate.
Recent research suggests a new way to look at the famous prisoner's dilemma and how the results could help us better understand human behavior and encourage cooperation.
There’ll be a lot of strategic thinking going into the vote during the Liberal leadership spill.
How might Liberal MPs vote in the upcoming leadership spill? The answer to that question is vastly more complicated than it might seem. Ostensibly, they will be voting for the best political leader amongst…
Parramatta Eels player Jarryd Hayne when he announced he was quitting the NRL to pursue an NFL career in the US.
AAP Image/Paul Miller
Former Parramatta and Australia fullback Jarryd Hayne is in the United States trying to swap his National Rugby League (NRL) colours for a chance to play in the National Football League (NFL). A two-time…
Pre-Nobel. Tirole at the IMF.
International Monetary Fund
Jean Tirole has won a deserved Nobel prize. The French economist from Toulouse 1 Capitole University has made some significant contributions to almost all fields in economics, but it is his work in the…
Crowdsourcing sabotage makes the crowd less useful.
Crowdsourcing competitions, popular with companies seeking to tap into groups of knowledge, are often diminished by malicious…