Difference between revisions of "Game theory"
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| − | '''Game theory''' is the study of strategic decision making. Specifically, it is "the study of mathematical models of conflict and cooperation between intelligent rational decision-makers." | + | '''Game theory''' is the study of strategic decision making. |
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| + | Specifically, it is "the study of mathematical models of conflict and cooperation between intelligent rational decision-makers." | ||
An alternative term suggested "as a more descriptive name for the discipline" is interactive decision theory. | An alternative term suggested "as a more descriptive name for the discipline" is interactive decision theory. | ||
Revision as of 08:27, 17 May 2015
Game theory is the study of strategic decision making.
Specifically, it is "the study of mathematical models of conflict and cooperation between intelligent rational decision-makers."
An alternative term suggested "as a more descriptive name for the discipline" is interactive decision theory.
Game theory is mainly used in economics, political science, and psychology, as well as logic, computer science, and biology.
The subject first addressed zero-sum games, such that one person's gains exactly equal net losses of the other participant or participants.
Today, however, game theory applies to a wide range of behavioral relations, and has developed into an umbrella term for the logical side of decision science, including both humans and non-humans (e.g. computers, animals).
External Links
- Game theory @ Wikipedia
