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 ...

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 ...

Game theory helps explain the logic behind Bitcoin's recent price action. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images) AFP via Getty Images.