The U.K.'s decision to leave the EU and the voting in of the protectionist Donald Trump to the US presidency has drawn both the UK and the USA into the Nash Trap.U.S. mathematician John Nash (the movie ‘A Beautiful Mind') postulated that Adam Smith's declaration that ‘In competition,...

This paper generalizes the classical theory of economic policy to a static LQ-strategic context between n players. We show how this generalized version of controllability can profitably be used to deal with policy ineffectiveness issues and Nash equilibrium existence

Crime is frightening. It breeds emotional responses which can lead to counterproductive governmental policy. To allow a rational analysis of these important concerns, Criminal Dilemmas applies intuition from economics, political science, and game theory as a way to develop new perspectives about...