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Economy – Articles, Analysis, Opinion

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Would a little extra pay make the Coyboys’ Demarco Murray more likely to take risks (like plowing headfirst into another player)? Would the threat of a fine deter him? Reuters

Does a running back’s pay affect his willingness to take risks?

It turns out professional football players are perfect lab rats for labor experiments, and the answer has implications well beyond the NFL.
Game theory needs to evolve to make sense of the complexity of what drives us to cooperate. from www.shutterstock.com

New take on game theory offers clues on why we 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.