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Through a clever mix of gametheory and cryptography, bitcoin replicates financial systems’ ability to transfer value, but without any of the labor typically involved in running and securing transactions.
He then usually brings in the tools of gametheory, in which his protagonists have to contend with other rational actors and the moves they might make. In the early 1980s, the gametheory approach to studying industries promised to be the next big wave in strategy. Corporate finance? Since when?
The findings emerged after volunteers participated in a game-theory experiment to understand the importance of trustworthiness in various election scenarios. The researchers also highlight how things like fact-checking and transparency around campaign finances would also help.
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