The world of game theory is currently on fire. In May, Freeman Dyson at Princeton University and William Press at the University of Texas announced that they had discovered a previously unknown strategy for the game of prisoner's dilemma which guarantees one player a better outcome than the other.
That's a monumental surprise. Theorists have studied Prisoner's Dilemma for decades, using it as a model for the emergence of co-operation in nature. This work has had a profound impact on disciplines such as economics, evolutionary biology and, of course, game theory itself. The new result will have impact in all these areas and more.
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Ref: arxiv.org/abs/1208.2666: Winning isn't everything: Evolutionary stability of Zero Determinant strategies
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for Press & Dyson's paper check: http://edge.org/conversation/on-iterated-prisoner-dilemma http://dx.doi.org/10.1073/pnas.1206569109
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