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Game Theory
, a sub division of Rational Choice Theory, is a study of…
Game Theory
, a sub division of Rational Choice Theory, is a study of mathematical models of conflict and cooperation between intelligent rational decision makers.
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History
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1950s
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Concepts of Core, Extensive form game, fictitious play, repeated games and Shapley value were developed
1970s
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Introduction of correlated equilibrium, trembling hard perfection and common knowledge concepts.
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