EARTH Magazine

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American Geosciences Institute
EARTH Magazine Gaming the system in the Caspian Sea: Can game theory solve a decades-old dispute? Alexandria, VA – A persistent stalemate over ownership and resource allocation, of everything from beluga caviar to energy resources, has hung over the Caspian Sea ever since the breakup of the Soviet Union. That stalemate has put the countries surrounding the sea — Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan — at odds. The conflict is a unique multinational mash-up of economic, political, energy resource and environmental concerns that has attracted the attention of researchers outside the usual crowd of policy analysts and political scientists.

Looking to help advance the discussion over the Caspian toward as efficient and equitable an outcome as possible, scientists are taking a stab at the decades-old dispute by applying game theory and related methods, which use mathematics to study of competition and cooperation and have predominantly been used by economists and sociologists. In the November issue, EARTH Magazine explores how these methods are being used to parse possible outcomes of the Caspian Sea negotiations, and how what was once a water-rights dispute became a competition for vast oil and gas resources http://bit.ly/1a2HjTm.

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The American Geosciences Institute is a nonprofit federation of geoscientific and professional associations that represents more than 250,000 geologists, geophysicists and other earth scientists. Founded in 1948, AGI provides information services to geoscientists, serves as a voice of shared interests in the profession, plays a major role in strengthening geosciences education, and strives to increase public awareness of the vital role geosciences play in society's use of resources, resiliency to natural hazards, and interaction with the environment.