game theory

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How Disaster Relief Efforts Could Be Improved with Game Theory

The number of disasters has doubled globally since the 1980s, with the damage and losses estimated at an average US$100 billion a year since the new millennium, and the number of people affected also growing. Hurricane Katrina in 2005 was the costliest natural disaster in the U.S., with estimates between $100 billion and $125 billion. The death toll of Katrina is still being debated, but we know that at least 2,000 were killed, and thousands were left homeless. Worldwide, the toll is staggering. The triple disaster of an earthquake, tsunami and nuclear meltdown that started March 11, 2011 in Fukushima, Japan killed thousands, as did the 2010 Haiti earthquake...

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Top 3 blockchain-based healthcare companies to watch in 2017

Peter B. Nichol | CIO | December 13, 2016

Game theory is the science of strategy. A branch of mathematics and economics that explores strategic situations across multiple stakeholders with different goals, whose actions can affect one another. Pioneering companies are changing the game with blockchain technologies. The new game of consumer interactions redefines transparency, immutability and security across industries. Much progress has been made with game theory. John von Neumann and Oskar Morgenstern’s 1944 book Game Theory and Economic Behavior outlined classic game theory...

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