theory of games zero-sum game- a game in which the total of all the gains and losses is zero scientific theory- a theory that explains scientific observations; "scientific theories must be falsifiable" economic science,economics,political economy- the branch of social science that deals with the...
https://www.thegreatcoursesplus.com/Optimize your life with game theory—the study of how people make decisions. An award-winning teacher explains the basics. 用博弈论来优化你的生活ーー研究人们如何做决定。 所有中文均为彩云小译机翻,仅供参考
DefinitionTypes of Economic GamesPresentation of a GameTypes of Strategies Home Economics Game Theory Game TheoryIn economics, game theory is the study of interaction between different participants in a market. The objective of game theory is to identify the optimal strategy for each participant....
What is the definition of economics? What is income approach in economics? What are some concepts in behavioral economics? What is marginal analysis economics? What is behavioral economics? What is a price system in economics? What is the economic theory behind pump priming?
When von Neumann's and Morgenstern's Theory of Games and Economic Behavior appeared in 1944, one thought that a complete theory of strategic social behavior had appeared out of nowhere. However, game theory has, to this very day, remained a fast-growing assemblage of models which have graduall...
Chapter 7: Game Theory I7.1 Why Game Theory?Payoff interdependency: the optimal choice by an agent depends on the actions of othersIn contrast withdecision-theoretic situation: no recognized payoff interdependencyE.g. in decision-theoretic: gas & electricity pricing; Windows’ operating system; ...
Game theory has been an area of rapid growth and substantial interest in economics and it has impacted upon all areas within economics. This text covers the main theory and techniques and gives particular emphasis to aspects that have been neglected, including co-operative games, experiments and ...
Many well-known game theory examples like theprisoner’s dilemma, the Cournot Competition, theCentipede Game, and Deadlock are non-zero sum games. A positive sum game is where the net result is greater than zero, even though there may be some winners and losers. In economics, trade and ex...
During the 1980s, economic theory has been revolutionised by game theory. The game theory approach is now very widely used throughout the profession and has become a major tool for the construction of new economic models. It is the basic tool in the construction of a modern theory of industr...
During the 1980s, economic theory has been revolutionised by game theory. The game theory approach is now very widely used throughout the profession and has become a major tool for the construction of new economic models. It is the basic tool in the construction of a modern theory of ...