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Topic: Glossary of game theory

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Solution concept

Game theory

Nash equilibrium

Centipede Game

Production theory basics

Collective action

Economics

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Game theory

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	Nash equilibrium - Wikipedia, the free encyclopedia
		In game theory, the Nash equilibrium (named after John Nash, who proposed it) is a kind of optimal collective strategy in a game involving two or more players, where no player has anything to gain by changing only his or her own strategy.
		Let (S, f) be a game, where S is the set of strategy profiles and f is the set of payoff profiles.
		If a game has a unique Nash equilibrium and is played among players with certain characteristics, then it is true (by definition of these characteristics) that the NE strategy set will be adopted.
	en.wikipedia.org /wiki/Nash_equilibrium (2250 words)

	Hope Page of CS905: An Introduction to Game Theory (Site not responding. Last check: 2007-10-15)
		Game theory has found its applications in numerous fields such as Economics, Social Science, Political Science, Evolutionary Biology.
		Game theory is now finding its applications in computer science.
		In the second part, the students (preferably in gorups of two) are expected to present a topic (in game theory or its application) of their choice to the class.
	www.cse.iitd.ac.in /~rahul/cs905 (791 words)

	Roulette Casino Online \| Online roulette game community (Site not responding. Last check: 2007-10-15)
		If a player bets on a single number in the American game there is a probability of 1/38 that the player gets 36 times the bet (including the return), so they end up having on average 36/38=0.9474 times the bet.
		Thus the house average for American roulette is 1/19 (5.26%); the same applies for the other kinds of bets, except for the five number bet where it is greater than 7%.
		The house average is approximately halved in the European game.
	www.roulette.casinoonlineads.com (1438 words)

	Internet Public Library: Economics
		This site is devoted to research into game theory, experimental economics, and in market design for which game theory, experimentation, and computation are natural and complementary tools.
		This site provides a useful and robust introduction into the principals of game theory with a specific emphasis on the philosophical and historical motivations within game theory.
		Also, clearly outlines the basic elements and assumptions inherent in game theory as a discipline, and provides specific examples of exemplary case studies within the discipline.
	www.ipl.org /div/subject/browse/bus28.00.00 (3531 words)

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