Game Theory—More Than Just Games

Abstract

With Yonatan Aumann, Department of Computer Science, Bar Ilan University, Ramat Gan, Israel.Game theory is not about games. It is a scientific field that uses logic to understand how decisions should be made, taking into account the choices of others. Despite its name, it deals with serious real-life situations like business, politics or even war. This article explains what game theory is about, and how it can be used in many real-world settings. I will explain how game theory uncovers the roots of cooperation, and why its study is important for reducing hostility. We will conclude with an elegant game theory method which you can apply in your everyday life.