theory of games


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theory of games

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

theory of games

n
(Mathematics) another name for game theory
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.theory of games - (economics) a theory of competition stated in terms of gains and losses among opposing players
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 production and distribution and consumption of goods and services and their management
Nash equilibrium - (game theory) a stable state of a system that involves several interacting participants in which no participant can gain by a change of strategy as long as all the other participants remain unchanged
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References in periodicals archive ?
Morgenstern, Theory of Games and Economic Behavior, Princeton University Press, Princeton, NJ, USA, 1944.
Maynard, "The theory of games and evolution of animal conflict," Journal of Theory Biology, vol.
questions of parallel or opposite interest, perfect and imperfect information, free rational decision or chance influences." (16) In 1944, along with Oskar Morgenstern, he published these concepts in Theory of Games and Economic Behavior.
Morgenstern, 1944, Theory of Games and Economic Behavior (Princeton, NJ: Princeton University Press).
John von Neumann and Oskar Morgenstern's 1944 Theory of Games and Economic Behavior introduced game theory to the world of economic modeling.
* Romanian SMEs can use The Theory of Games which studies mathematical models in conflictual situations (competitive).
Our core example refers to performing a simulation of the well-known game from the theory of games called "Rational Pigs" or "Boxed Pigs" The basic scenario examines strategic solutions for two gluttons (two pigs) that are placed inside a large cage where each of them can use a lever to cause the release of food into the cage [5].
[5] T Driessen, "The greedy bankruptcy game: an alternative game theoretic analysis of a bankruptcy problem," in Game Theory IV (Year-Book "Theory of Games and Applications"), L.
Leonard traces the evolution of game theory from von Neumann's initial work in Budapest and Berlin through his fortuitous encounter with Oskar Morgenstern in Princeton in 1940, and then their collaboration on what would become the groundbreaking book Theory of Games and Economic Behavior in 1944.

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