Game Theory
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John von Neumann and the ENIAC Info Time: Tuesdays and Thursdays 9:35-10:55am Location: College of Computing , room 53 Instructor: Adam Tauman Kalai
CS 8803 - Game Theory and Computer Science. Spring 2008 - Theory
Translations: Macedonian courtesy of Zoran Mitreski. Russian courtesy of Oleg Meister. German courtesy of Alexy Gnatuk. Romanian courtesy of Alexandra Seremina and Azoft . Bulgarian courtesy of Mark Pozner. Belarussian courtesy of Alex Mogutov.
What is Game Theory?
Game Theory
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
Game theory is a study of 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.