Game theory (Applications (Psychology, Computer science, Economics,…
Cooperative and Non-Cooperative
Simultaneous and Sequential
Zero sum and Non zero sum
Symmetric and Asymmetric
Normal and Extensive Form
It is the branch of mathematics
Involve in the analysis of strategies for dealing with competitive situation.
Study of human behavior
Optimize the decision to obtain maximum utility
Inverse game theory
Focus on designing a game for group of intelligent participant
Popular equation of game theory
It provides a way of predicting what will happen if several people are make decisions at the same time.
Won Nobel prize in 1994
Named after American mathematician John Forbes Nash Jr.