Herbert
5 years ago
Rated 9.6 earned 45522.30 around 1574 assignments.
hey, got you friend; Cousre information- Game theory provides a framework, including concepts, tools and techniques, to analyze situations that involve two or more interacting “players” (or individuals, or agents, or parties). When the payoff to an agent depends not only on the action taken by that agent but depends as well on the action taken by the other agent(s), we have a situation that is described as “a game”. For this reason, the study of decision-making by agents in the setting of a game has been described as “interactive decision theory.” If the agents’ interests coincide, i.e., their interests are perfectly aligned, we speak of a “co- ordination game”. When agents’ interests are completely opposed, we have a game of "pure conflict”. Such games are sometimes described as “zero sum games”, or “constant sum games” since one party’s gain is the other party’s loss. Most games involve a combination of conflict and cooperation. Examples of all of these types of games will be present
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