1.what is game theory? Game Theory is a method of studying strategic situation, where the outcomes that affect you depend on actions,not just on your own actions, but on the actions of others. Everything that constitutes imperfect competition is stategic situation. For instance, in the motor...
What is Game Theory and in what sense do we already know it? Making this complex topic both familiar and fun, this chapter shows how you've been learning and doing Game Theory all along in the decisions you make in everyday life.Prag, Jay...
Game theory views decisions as interdependent, requiring all players to not only consider each other’s interests and decisions when creating a strategy, but to fully explore a number of potential scenarios. There are many different types of games, however, ...
While the majority of game theory to date has been applied to human players, with machine learning and deep learning taking hold, it’s likely that future game theory will often include an analysis of artificial intelligence entities that are their own rational actors. As technologies become able...
1.博弈论是指某个个人或是组织，面对一定的环境条件，在一定的规则约束下，依靠所掌握的信息，从各自选择的行为或是策略进行选择并加以实施，并从各自取得相应结果或收益的过程，在经济学上博奕论是个非常重要的理论概念。什么是博弈论？古语有云，世事如棋。生活中每个人如同棋手，其每一个行为如同在一...
The study and attempt to understand interactions of competing parties using mathematical models to set the probabilities of outcomes is now known as Game Theory. It assumes that the decision makers are thought to be rational and will do what is in their own best interest when considering all the...
In addition to game theory, economic theory has three other main branches: decision theory, general equilibrium theory and mechanism design theory. All are closely connected to game theory. Decision theory can be viewed as a theory of one person games, or a game of a single player against nat...
A recent study, which uses game theory to simulate the outcomes of different strategies for communicating with aliens, suggests that the less we tell them, the better, at least at first. That’s because the less they know about us, the more likely they are to assume we think like them ...
What is real business cycle theory? What are the assumptions of the purchasing power parity theory? Based on the understanding of the trade-off theory, what kind of firms are likely to use more leverage? What is the arbitrage pricing theory (APT) and h...
The belief-desire model underlying game-theoretical (GT) analysis of strategic interaction has been criticized by philosopher of action, such as Michael Bratman, who stressed that it cannot account for the role played by intentions and plans. How should GT react to this? I will argue that it ...