Game Theory Game theory is the study of how people interact and make…
Game theory is the study of how people
interact and make decisions.
In 1994:von Neumann and morgenstern published "Theory of Games and Economic Behavior".
John Nash invented Nash equilibrium concept in 1950.
Von Neumann wrote a key paper in 1928
A description of all players’
Set of all possible actions.
Sports coaching staffs
Penalty shoot-out in soccer
Closed bid auctions
The prisoner's Dilemma
Rock, paper, scissor game