Essays on Game Theory

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 in real...

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...

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,...

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...

Abstract Game Theory is a groundbreaking theory which has explained various analyses in different domains of Science and Commerce. In here, strategies of Evolutionary Biology are explained in the light of Game Theory. Introduction Mathematics and Biology are both important domains of Science and their...

Executive Summary The game theory looks over the behavioral decision-making of individuals in situations where they are against an opponent. Cooperative game theory is when players form groups to compete against other groups. Non-cooperative game theory is when the player has no incentive to change...

Introduction It is characterized as a method for numerical investigation of irreconcilable situations to achieve the most ideal basic leadership alternatives in light of the current situation given to get the ideal outcomes. Its applications in numerous fields of sociology, just as in logic and...

Game Theory examines our interactions and decisions in social contexts through the lens of ‘games’. It explores the outcomes of the different strategies available to their participants (known as either ‘players’ or ‘agents’) and looks to find the most ‘rational’ option, which means maximizing the...

One of the major and important developments in quantum computing is the quantum game theory. Be it classical game theory or quantum mechanics; quantum game theory has implications in both of them. However, there is no exact similarity between the classical game theory and the...