When they choose between using sugar or high-fructose, Coke and Pepsi could be dealing with the Prisoners' Dilemma.
After knowing the mind-boggling prices for a Birkin bag and "Citizen Kane" sled, only auction economics can explain while they were so high.
Whether it's the U.S. and China, the EU, or any other country, negotiating tariffs always involves game theory and the prisoners' dilemma.
Hoping the U.S. will do what is best for its workers and businesses, economist Betsey Stevenson has a new paid time off proposal.
Having entered the knockouts, World Cup rules mandate a penalty shootout that economists can explain with game theory.
Looking at the game theory behind congressional debt ceiling negotiations, we see a classic example of the prisoner's dilemma.
The one similarity shared by the U.S. China Trade War, OPEC negotiations, and two burglars separated in jail is the Prisoners' Dilemma.
The success of a decision to use Waze, Google Maps, and other mapping apps to avoid traffic can depend on outsmarting the prisoner's dilemma.
Planning their surcharge policy for the holiday shipping surge, UPS and FedEx each was influenced by the Prisoners' Dilemma.









