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This article is about the mathematical study of strategic behavior. For the mathematical study of sequential games, see Combinatorial game theory. For the study of playing games for entertainment, see Game studies. For the YouTube series, see MatPat.
Game theory, branch of applied mathematics that provides tools for analyzing situations in which parties, called players, make decisions that are interdependent. This interdependence causes each player to consider the other player’s possible decisions, or strategies, in formulating strategy.
Jun 27, 2024 · Game theory is the study of how and why individuals and entities (called players) make decisions about their situations. It is a theoretical framework for conceiving...
Game theory is the mathematical analysis of decision making. In game theory, the interaction between two or more players is often framed in terms of a game with a particular set of rules.
May 14, 2024 · Game theory is a branch of mathematics that explores how people make decisions and compares them with mathematical models. Read on to learn more about game theory, including examples and its applications in law, economics, software, and more.
Jun 2, 2003 · This simple game illustrates the essential aspects of what is now called game theory. In it, a game is the set of rules that describe it.
This course provides a rigorous treatment of non-cooperative solution concepts in game theory, including rationalizability and Nash, sequential, and stable equilibria. It covers topics such as epistemic foundations, higher order beliefs, bargaining, repeated games, reputation, supermodular games, and global games.
The purpose of Game Theory is to analyze optimal decision making in the presence of strategic interaction among the players. 1 Definition of a Game. We start with abstractly defining what we mean by a game. A game consists of. a set of players: In these notes we limit ourselves to the case of 2 players — everything generalizes to. N players.
May 27, 2021 · Game theory is an excellent topic for a non-majors quantitative course as it develops mathematical models to understand human behavior in social, political, and economic settings.
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Jan 1, 2021 · This entry provides an overview of the aspects of game theory that are covered in this Encyclopedia, which includes a broad spectrum of topics on static and dynamic game theory.
