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May 5, 2024 · Game theory is the study of how and why players make decisions in strategic situations. Learn about its key concepts, such as Nash equilibrium, prisoner's dilemma, and game tree, and how it is used in economics, business, and other fields.
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Dec 8, 2021 · Learn how game theory is used to analyse strategic interactions in various economic scenarios, such as price wars, co-ordination, matching pennies, tariffs, prisoner's dilemma and more. See payoff matrices, decision trees and dominant strategies for each example.
e. Game theory is the study of mathematical models of strategic interactions among rational agents. [1] It has applications in many fields of social science, used extensively in economics as well as in logic, systems science and computer science. [2] Initially game theory addressed two-person zero-sum games, in which a participant's gains or ...
May 10, 2024 · Game theory is a branch of mathematics that analyzes situations in which parties make interdependent decisions. Learn about its history, applications, and types of games, such as constant-sum, variable-sum, cooperative, and noncooperative games.
Nov 1, 2000 · Learn how game theory, a method to study economic interactions, has influenced economics and business in the last 25 years. See examples of game theory applications in auctions, regulation, corporate strategy, and more.
Learn non-cooperative and cooperative solution concepts in game theory from Prof. Mihai Manea. The course covers topics such as rationalizability, Nash equilibrium, bargaining, repeated games, reputation, and global games.
Learn the basics of game theory by playing a game with different payoffs and outcomes. Explore the concepts of strategy, dominance, contracts, collusion, and coordination problems in economics.
