game theory


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Related to game theory: Nash equilibrium

game the·o·ry

the branch of mathematical logic concerned with the range of possible reactions to a particular strategy; each reaction can be assigned a probability and each reaction can lead to a counter-reaction by the "adversary" in the game. Used mainly in systems analysis, game theory has some applications in disease surveillance and control; it is one of the underlying theories in clinical decision analysis.
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However, when the prize-penalty parameter is high, participants tend to play in the opposite direction, that is, in the direction that the standard analysis from game theory indicates.
This is often the departure point for the Post Keynesian tradition in economics and although this tradition has been marginalised in the mainstream, I want to conclude this section by suggesting that one way of seeing what is wrong with mainstream game theory is that it slides over or ignores a key insight of Post Keynesian economics: the unavoidable limits of rational choice rationality when uncertainty (as opposed to risk) attaches to decision making.
Game theory based spectrum sensing technique decision:
Research of Competition and Cooperation Relations in Supply Chain Based on Game Theory. Journal of Anhui University of Science and Technology.
In contrast to this economic model approach for intertemporal allocation and pricing, John Nash had much earlier introduced a game theory among non-cooperative players based on mathematics.
Game and supermarket game theory have become important fields of study for resource allocation in CRNs.
So we utilize the game theory to address this problem.
The ability to model individual independent decision makers, whose actions potentially would affect all other decision makers, makes the game theory particularly attractive in analyzing the performance of ad hoc networks.
So far eight Nobel prizes have been given in the field of game theory and four of the winners are present at the event to meet with other masterminds.
In his most recent series, The Trap, Curtis wants to trace our entire conception of the self and the world back to the Cold War, more specifically to the development of game theory by John Nash.
The paper is, essentially, based on a static game theory managing the limits of classic finance theory to provide satisfactory explanations of different financial events.
Though the presentation is a bit uneven, and even downright grouchy at times, the material presented is worth careful study, and is considerably more accessible than his daunting two-volume Game Theory and the Social Contract (MIT Press, 1992/1994), of which this book serves as a sort of precis.