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RSS BotMB to Hacker NewsEnglish · 2 days ago

Using game theory to explain how institutions arise to manage limited resources

phys.org

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Using game theory to explain how institutions arise to manage limited resources

phys.org

RSS BotMB to Hacker NewsEnglish · 2 days ago
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Using game theory to explain how institutions arise naturally to manage limited resources
phys.org
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A simple model developed by a RIKEN researcher and a collaborator predicts the emergence of self-organized institutions that manage limited resources such as fisheries or irrigation water. This model provides a window into the mechanism behind the emergence of such institutions. The results are published in PNAS.

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