This diagram illustrates how game theory can be applied to the context of blockchain forks. It shows the potential rewards and penalties for each combination of adopting or not adopting a new ...

Game theory, the study of strategic decision-making, brings together elements of mathematics, psychology, and philosophy. In Neumann and Oskar Morgenstern in 1944, it has come a long way since then.

A decision tree diagram for a hypothetical, simplified conflict between the U.S. and North Korea. The Conversation, via LucidChart, CC BY-ND. This type of game theory analysis provides the ...