80% of UK companies and public sectors organisations pay women less than men.
Read moreNash equilibrium, named after American Economist John Nash (1928-2015) is a solution to a non-cooperative game where players, knowing the playing strategies of their opponents, have no incentive to change their strategy.
Having
reached Nash equilibrium a player will be worse off by changing their
strategy. In the Prisoner’s Dilemma game, when both players adopt the confess
strategy there will be no incentive for either player to switch to a
‘deny’ strategy, unless it can be guaranteed that the other player also
denies.
The name 'prisoner's dilemma' was first used in 1950 by Canadian mathematician, Albert W. Tucker.
Read more on game theory and the Prisoner's Dilemma
What exactly is the 'most favoured nation' rule?
Read moreRegulators find leading model agencies guilty of price fixing.
Read more Read moreCosts and benefits of customs unions.
Read moreSavings ratio falls to lowest level on record.
Read more