Even Wall Street's biggest money managers overbid in the traditional dollar auction. (by Paul B. Farrell)

Argues that investors should stay away from hedge funds because of cognitive biases and the winner's curse. (by Jonathan Reiss)

Computer scientists use game theory to create poker-playing computers. (by David Templeton)

Stock market frenzies and crashes need not be due to exuberance or idiocy, but may reflect rational signaling and information herding. (by Tim Harford)

A discussion of the theoretical and psychological elements of risk in the insurance industry (by Tim Harford)

Angry letters respond to a review article in Science which suggested that cooperative game theory is a better model of reproduction than Darwin's sexual selection. (by Nick Atkinson)

The theory of focal points suggests that random strangers should be able to find each other in New York City in this Primetime experiment.

(by Ashok Vohra)

Online vote swapping sites in the US and UK allow people to trade their votes for those in districts where they can have more impact. (by Celeste Biever)

A rather scathing review of Paul Omerod's "Why Things Fail" which includes references to bounded rationality and evolutionary game theory in explaining business failures. (by Paul Ormerod)

Prisoners' dilemmas are only troublesome when people are assumed to be selfish. Yet, if we predicate public policy on reciprocity and cooperation, better outcomes would result. (by John Kay)

An evolutionary take on public goods contribution experiments, in which subject populations may converge to mixed strategies

Describes the human emotion of jealousy as "a perfect paradigm of insufficiency: I am less because you are more. It's a zero-sum game." (by Marc Ian Barasch)

An introduction to the p-beauty contest and its repeated play, with some vague application to financial markets (by John Allen Paulos)

Colonies of generally competitive ants have been found with a genetic mutation that turns off competitiveness and allows for large-scale cooperation (by Ingrid Sanders)

Decribes progress in the science of decision-making, including economic, psychological, and neurological perspectives. (by Laura Spinney)

Highlights Vernon Smith's contributions to behavioral economics and notes how the field is finding new applications.

When nuclear weapons are involved, perhaps counting on rationality and common knowledge is a bit too much to ask, given the cost of failure.

Worried that the two republican frontrunners will split the vote, Congressman Issa issues a threat to oppose both.

Argues that the Clintons wish to change the game for personal gain, propping up weak candidates to prolong confusion.

The finding that monkeys have an innate sense of fairness may mean that altruism may be quite rational.

A (dubious) study finds that a species of monkeys has an innate sense of fairness. Perhaps the monkeys should have played an ultimatum game.

Analyzes the power of each voter under varying presidential election rules.

Discusses common evidence of irrationality and a possession effect in economics.

Describes alternative voting systems and metions Arrow's Impossibility Theorem (by Michael Cooper)

Recaps a behavioral economics conference and discusses some common failures of rationality.

Do Supreme Court members vote independently or are there clear and repeating patterns?

Calls for the advent of "neuroeconomics," a blending of game theory and emotion allowing for standard anomalies in rationality.

A game theoretic analysis of the Middle East conflict, considering irrationality and whether the game is or is not zero-sum

One researcher suggests a hormonal cause of good will in games and an inverse link between religion and altrusim. (by Ken Grimes)

Reports on initial simulations of the evolution of cooperative societies, overcoming the incentive to free ride.

Race cars drafting resemble a stag hunt game; racers balance cooperation and aggression.

Models of strategic voting inform how different procedures in Britain's legislature may lead to distinct outcomes.

Chronicles the heterodox movement in economics and discusses the relaxation of rationality assumptions.

Argues that Saddam Hussein is rational and deterrence may be achieved through credible commitment.

Discusses different voting systems and how the outcomes depend greatly on the specific rules employed.

Applauds U.S.-style antitrust laws that provide immunity to cartel members who come forward as a "clever use of game theory" creating a race to cooperate.

Association of Coffee Producing Countries fails to maintain prices and cooperation, abandons collusion.

Joe Paterno's seeming irrationality may be commitment device to instill fear in officials.

Nobel prize awarded for pioneering work in experimental economics and behavioral game theory.

Nobel prize awarded for pioneering work in experimental economics and behavioral game theory.

The repeated prisoner's dilemma of OPEC cooperation is unstable.

Provides algorithms for modeling complexity: boundedly rational agents playing repeated congestion games

Argues for interdisciplinary approaches to game theory to replace rational paradigms.

Considers whether historical figures in politics and business satisfy the assumptions of homo economicus, and notes that the definition is quite similar to that of a sociopath. (by John Kay)

Econophysics tries to explain market movement melding adaptive systems resarch with behavioral game theory.

Generic drug makes paid not to produce generics in cooperation among pharmaceutical manufacturers.

Applications of Thaler's research on risk tolerance and rationality to poker

Cooperative hunting and meat-sharing analyzed as a cooperative game and a negotiation.

Human altruistic tendencies result in punishing free-riders, potentially resolving the tragedy of the commons. (by Samuel Bowles and Herbert Gintis)

Physicists argue that irrationality leads to exploitable patterns in the stock market. (by Mark Buchanan)

How world leaders play games and maintain rationality under stress

Cooperation among European vitamin manufacturers deemed collusive.

Mayoral race in New York includes cascades, strategic voting, and games of chicken

Strategic voting suggests that we may want to vote for our enemies to improve our situation.

Information technology: the need for game theory, since opponents are rational

Discussion of Shiller's work in behavioral finance

An eulogy to Herbert Simon, describing his theory of satisficing and contributions to behavioral economics. (by John Kay)

Asks if ethics are rational and discusses the ultimatum game.

Discusses Thaler's criticism of rationality and how behavioral game theory helps in financial markets.

Examines alternate voting systems such as the Borda count and notes that John McCain's chances would have been better without a plurality system.

Nader and Gore supporters demonstrate strategic voting by swapping votes.

Warren Buffett proposes to change the rules of the campaign finance strategic voting game

Examines cooperation in extensive-form games on the TV show "Survivor."

Discusses the transformation of the diamond cartel in light of greater competition.

Auctions are useful market allocation mechanisms when the reward is mostly monetary, but do poorly when the prize is of psychological value. (by John Kay)

Evolutionary biologist George Pierce believed in the evolution of cooperation

A lengthy introduction into both cooperative and non-cooperate game-theoretic elements of fair division. Includes a good synopsis of cooperative solution concepts. (by Theodore P. Hill)

Examines how future-looking utility-functions can call rationality into question.

Incorrectly describes a stock market bubble as a prisoner's dilemma but does describe the boundedly rational greater fool theory.

Drama Theory attempts to reconcile game theory with irrationality, emotional commitment.

An introduction to Nash equilibria in coordination games and their associated problems in practice, including equilibrium selection. (by John Kay)

Can cooperation in prisoner's dilemma -type games evolve without repeated interaction, through indirect reciprocity?

Discusses the operation of legal cartels in the ocean shipping industry.

Examines strategic moves that result in other participants paying you to play the game.

Mock-interview of Star Trek's Spock incorporates rationality and common knowledge

Examines alternatives to the electoral college and the strategic voting implications of each.