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Game theory is the study of mathematical models of strategic interactions. It has applications in many fields of social science, used extensively in economics as well as in logic, systems science and computer science.
May 10, 2024 · 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.
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Jan 25, 1997 · Game theory is the study of the ways in which interacting choices of economic agents produce outcomes with respect to the preferences (or utilities) of those agents, where the outcomes in question might have been intended by none of the agents.
Jun 27, 2024 · Learn what game theory is, how it works, and how it is used in various fields such as economics, business, and psychology. Explore the key terms, concepts, and examples of game theory, such as Nash equilibrium, prisoner's dilemma, and dictator game.
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This course introduces the mathematical modeling of strategic interaction among rational agents, with examples from games, economics, politics, and more. You will learn the concepts of normal form, Nash equilibrium, mixed strategies, extensive form, Bayesian games, and repeated games.
Learn the basics of game theory, the mathematical analysis of decision making in situations with multiple players. Explore examples of games, such as the prisoner's dilemma and the stag hunt, and their Nash equilibria and iterations.
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