Evolutionary game theory is useful to devise strategies for real-life situations such as international negotiations and ecological crises, where players are unequal, and choices are complex
Countries making subtle changes to fishing policies in open seas can eventually lead to overfishing and deplete stocks. Game theory can help design robust strategies that are insulated against such indirect threats to any policy. Photo: National Oceanic and Atmospheric Administration, US/Unsplash
Evolutionary game theory is useful to devise strategies for real-life situations such as international negotiations and ecological crises, where players are unequal, and choices are complex
Game theorists are needed more than ever.
In a world riddled with political, economic and social and environmental crises, game theory — developed back in the 1940s, and widely applied in various fields such as economics and social sciences — could help come up with useful strategies for resolution.
