Essays on Game Theory

Introduction: I first learned about Game Theory during my Economics class, as an introduction to oligopolies and cartels. Ever since, I’ve been fascinated by the prisoner’s dilemma – how sometimes the most logical decision isn’t the option with the highest pay-offs. After researching about it,...

Game theory is defined as the science of strategy. In decision making situations, individuals are faced with conflicting and cooperative methods of strategy against rational opponents in which different combinations of strategies result in different payouts (Dixit, Nalebluff). Payouts differ depending on the type of...

Take advantage of holidays and good weather to play outdoors with children, be in contact with nature and especially share unforgettable moments together. Here you have some games to have fun in the garden, in the park or in the countryside. Balloon race A fun...

Executive Summary Game theory is a mathematical technique used to interpret the behaviour of interdependent decision makers who use strategic behaviour. It assumes that players are rational and that payoff matrices are predetermined and known to everyone. Most of these assumptions do not hold true...