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Topic: Game theory

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  Game Theory (Stanford Encyclopedia of Philosophy)
Game theory is the study of the ways in which strategic interactions among rational players produce outcomes with respect to the preferences (or utilities) of those players, none of which might have been intended by any of them.
The mathematical theory of games was invented by John von Neumann and Oskar Morgenstern (1944).
Game theory has been fruitfully applied in evolutionary biology, where species and/or genes are treated as players, since pioneering work by Maynard Smith (1982) and his collaborators.
plato.stanford.edu /entries/game-theory   (20490 words)

  Game theory - Wikipedia, the free encyclopedia
Game theory is a hybrid branch of applied mathematics and economics that studies strategic situations where players choose different actions in an attempt to maximize their returns.
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.
In the 1970s, game theory was extensively applied in biology, largely as a result of the work of John Maynard Smith and his evolutionary stable strategy.
en.wikipedia.org /wiki/Game_theory   (3866 words)

 What is Game Theory?   (Site not responding. Last check: )
A strategic game is a model of a situation in which each player chooses his plan of action once and for all, and all players' decisions are made simultaneously (that is, when choosing a plan of action each player is not informed of the plan of action chosen by any other player).
To clarify further the nature of game theory, it may be contrasted with the theory of competitive equilibrium that is used in economics.
Game theoretic reasoning takes into account the attempts by each decision-maker to obtain, prior to making his decision, information about the other players' behavior, while competitive reasoning assumes that each agent is interested only in some environmental parameters (such as prices), even though these parameters are determined by the actions of all agents.
www.chass.utoronto.ca /~osborne/GAMETH.HTM   (742 words)

 Game Theory, by Avinash Dixit and Barry Nalebuff: The Concise Encyclopedia of Economics: Library of Economics and ...
Game theory was pioneered by Princeton mathematician John von Neumann.
Games are fundamentally different from decisions made in a neutral environment.
In contrast to the linear chain of reasoning for sequential games, a game with simultaneous moves involves a logical circle.
www.econlib.org /library/Enc/GameTheory.html   (1661 words)

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