School of Economics | Game theory
1086
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27 Feb

Posted at 00:58h in SOE by
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By Avinash Dixit and Barry Nalebuff Game theory is the science of strategy. It attempts to determine mathematically and logically the actions that “players” should take to secure the best outcomes for themselves in a wide array of “games.” The games it studies range from chess...

25 Nov

Posted at 00:20h in SOE by
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MATHEMATICSWRITTEN BY:  Steven J. BramsMorton D. Davis LAST UPDATED: Oct 18, 2019 See Article History ARTICLE CONTENTS 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,...