Game theory (nonfiction)

A payoff matrix of the standard dilemma of cooperation and defection

Game theory is "the study of mathematical models of conflict and cooperation between intelligent rational decision-makers."

Game theory is mainly used in economics, political science, and psychology, as well as logic, computer science, biology and poker.

Originally, it addressed zero-sum games, in which one person's gains result in losses for the other participants. Today, game theory applies to a wide range of behavioral relations, and is now an umbrella term for the science of logical decision making in humans, animals, and computers.

Modern game theory began with the idea regarding the existence of mixed-strategy equilibria in two-person zero-sum games and its proof by John von Neumann.

In the News

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  Mathematician and economist Lloyd Shapley "can't get enough game theory," according to new game theory model.

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  Crimes against mathematical constants threaten to undo years of game theory research.

Fiction cross-reference

• Crimes against mathematical constants

Nonfiction cross-reference

• Computer science (nonfiction)
• Extensive-form game (nonfiction)
• Game (nonfiction)
• John von Neumann (nonfiction)
• Lloyd Shapley (nonfiction)
• Mathematics (nonfiction)

External links:

• Game theory @ Wikipedia