Please enable JavaScript.
Coggle requires JavaScript to display documents.
Game Theory (Application (Philosophy, Resource Allocation and Networking,…
Game Theory
-
-
Types of Game
-
-
-
Constant Sum, Zero Sum, and Non-Zero Sum Games
Constant sum game is the one in which the sum of outcome of all the players remains constant even if the outcomes are different.
-
Defination
Game theory is the process of modeling the strategic interaction between two or more players in a situation containing set rules and outcomes.
-
In game theory, the best response is the strategy (or strategies) which produces the most favorable outcome for a player, taking other players' strategies as given (Fudenberg & Tirole 1991, p. 29; Gibbons 1992, pp. 33–49).
-
-