News Score: Score the News, Sort the News, Rewrite the Headlines

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

Credit: Unsplash/CC0 Public Domain 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. Fisheries, forests, fresh water and grazing land are just a few examples of limited natural resources that need to be managed well to ensure long-term...

Read more at phys.org

© News Score  score the news, sort the news, rewrite the headlines