Game theory is the mathematical study of strategic interaction between rational decision-makers. Pioneered by John von Neumann and Oskar Morgenstern in 1944, and revolutionized by John Nash's equilibrium concept in 1950, it has become essential to economics, political science, biology, and computer science.
At its core, game theory asks: what happens when your best choice depends on what others choose? The answer is often surprising — individually rational behavior frequently leads to collectively irrational outcomes. The Prisoner's Dilemma shows why cooperation is hard. The Tragedy of the Commons shows why shared resources get depleted. Auction theory shows why you should bid your true value.
These simulations let you experiment with the foundational models of game theory, see Nash equilibria emerge from strategic interaction, and discover why the 'rational' outcome is often not the 'good' outcome.