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Hace 1 día · Game theory is the study of mathematical models of strategic interactions. [1] It has applications in many fields of social science, and is used extensively in economics, logic, systems science and computer science. [2]
31 de jul. de 2024 · Game theory is a branch of mathematics that analyzes situations in which parties make interdependent decisions. Learn about the types, applications, and principles of game theory from Britannica's experts.
31 de jul. de 2024 · Game theory - Von Neumann, Morgenstern, Theory: Von Neumann and Morgenstern were the first to construct a cooperative theory of n-person games. They assumed that various groups of players might join together to form coalitions, each of which has an associated value defined as the minimum amount that the coalition can ensure by its ...
31 de jul. de 2024 · Game theory - Prisoners' Dilemma, Strategy, Economics: To illustrate the kinds of difficulties that arise in two-person noncooperative variable-sum games, consider the celebrated prisoner’s dilemma (PD), originally formulated by the American mathematician Albert W. Tucker.
29 de jul. de 2024 · Game theory is a branch of mathematics that studies rational behavior in decision-making, where the outcome depends on every player’s choice. Applied game theory attempts to either anticipate or influence the decisions of independent actors involved in any type of competitive context.
11 de ago. de 2024 · In game theory, backward induction is a solution methodology that follows from applying sequential rationality to identify an optimal action for each information set in a given game tree. It develops the implications of rationality via individual information sets in the extensive-form representation of a game.
Hace 4 días · ECON 1200 - GAME THEORY. Minimum Credits: 3 Maximum Credits: 3 The aim of the course is to introduce the main elements of game theory, in a manner which emphasizes the connections between the “cooperative” and “non-cooperative” traditions.
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