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Game theory - Wikipedia, the free encyclopedia |
 | | Game theory is a branch of applied mathematics that studies strategic situations where players choose different actions in an attempt to maximize their returns. |
 | | Game theorists may assume players always act rationally to maximize their wins (the Homo economicus model), but real humans often act either irrationally, or act rationally to maximize the wins of some larger group of people (altruism). |
 | | Game theory experienced a flurry of activity in the 1950s, during which time the concepts of the core, the extensive form game, fictitious play, repeated games, and the Shapley value were developed. |
| en.wikipedia.org /wiki/Game_theory (3835 words) |
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