theory of games


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theory of games

theory of games

n
(Mathematics) another name for game theory
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
References in periodicals archive ?
In particular, Professor Nashs strategic theory of games and his axiomatic bargaining model have had a profound effect on the Divisions enforcement mission.
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).
This seems unlikely because Cournot is not quoted once in Theory of games and economic behavior.
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).
A very fitting application of the Christian rule, "do unto others as you would have them do unto you," solves the problem in the modern theory of games known as "prisoner's dilemma.
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.
Based on the logic of the theory of games, a principle was assumed that the [h.
Neumann, "Zur Theorie der Gesellschaftsspiele (On the Theory of Games of Strategy)," Mathematische Annalen, pp.
During the Second World War, while trapped in the USA by Hitler's Anschluss, the Austrian economist Oscar Morgenstern collaborated with von Neumann on a book that became a classic text in game theory: Theory of Games and Economic Behavior.
Readers looking for a clear and definite set of intellectual linkages on all the interesting dimensions of game theory as it eventually emerged in The Theory of Games and Economic Behaviour (TGEB) will be disappointed.

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