Game Theory
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CS 8803 - Game Theory and Computer Science. Spring 2008 - Theory
David Levine's Economic and Game Theory Page
This site uses the tools of modern economics and game theory to explore how the interaction of intelligent goal-seeking individuals determines social outcomes. Find out more about game theory. NEW: Chapter 8 and 9 posted.
Chronology of Game Theory
The Babylonian Talmud is the compilation of ancient law and tradition set down during the first five centuries A.D. which serves as the basis of Jewish religious, criminal and civil law. One problem discussed in the Talmud is the so called marriage contract problem: a man has three wives whose marriage contracts specify that in the case of this death they receive 100, 200 and 300 respectively. The Talmud gives apparently contradictory recommendations. Where the man dies leaving an estate of only 100, the Talmud recommends equal division. However, if the estate is worth 300 it recommends proportional division (50,100,150), while for an estate of 200, its recommendation of (50,75,75) is a complete mystery. This particular Mishna has baffled Talmudic scholars for two millennia.Translations: Russian courtesy of Oleg Meister. German courtesy of Alexy Gnatuk. Romanian courtesy of Alexandra Seremina and Azoft . Bulgarian courtesy of Mark Pozner. Please note that material on this website is released under a creative common attribution license, meaning you are most welcome to translate it into any language you like. What economists call game theory psychologists call the theory of social situations, which is an accurate description of what game theory is about.
What is Game Theory?
Game Theory (Stanford Encyclopedia of Philosophy)
First published Sat Jan 25, 1997; substantive revision Wed May 5, 2010 Game theory is the study of the ways in which strategic interactions among 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. The meaning of this statement will not be clear to the non-expert until each of the italicized words and phrases has been explained and featured in some examples. Doing this will be the main business of this article.
Game theory - Wikipedia, the free encyclopedia
Game theory is a method of studying strategic decision making . More formally, it is "the study of mathematical models of conflict and cooperation between intelligent rational decision-makers." [ 1 ] An alternative term suggested "as a more descriptive name for the discipline" is interactive decision theory . [ 2 ] Game theory is mainly used in economics, political science, and psychology, as well as logic and biology. The subject first addressed zero-sum games , such that one person's gains exactly equal net losses of the other participant(s). Today, however, game theory applies to a wide range of class relations, and has developed into an umbrella term for the logical side of science, to include both human and non-humans, like computers.