Math Wiki
Register
Advertisement

This is an unfinished page. Please help to finish.

The Game Theory is a study among rational agents, games and other competitions which how players suggest their needs, strategies and other's strategies. It is used in varying subjects such as computer science, logical science and mathematics. Zero-sum games are the first Game theory games which people must have one-win one-lose. Non-zero-sum games are new to the Game Theory which introduces win-win games. Economists also uses the Game Theory in investigation and stocks.

Strategy is the most important thing among the Game Theory. It is very useful in games and critical thinking.

History[]

John von Neumann

Father of Game Theory, John von Neumann. [Wikipedia]

John von Neumann is the first person who tells about the Game theory. Theory of Games and Economic Behavior, written in 1944, is a paper essay that he wrote introducing this theory. Later, John Nosh, a scientist and economist, get interested and introduced the term zero-sum game in non-cooperate games.

Games types[]

Zero-sum games are games that are in non-cooperation mode, which players compete and not work together. John Nash invented this term, and later the player's strategies is called Nash equilibrium.

Must-have properties[]

  1. All players must be logical.
  2. All players do what best for him/herself.
  3. No players do something not has benefit for him/herself

Other Games[]

Cooperate Games are the opposite of zero-sum games.

Advertisement