Tag Archives: game theory

Before you read this post,i think you should first know what is Game theory?

Game Theory has existed since ancient China’s ancient.China acientwork The Art of War is not only a military,but also the first Game Theory monograph.The first major study of game theory is the issure between win and lose of chess, bridge, gambling.One grasp on the game situation is still confined to experience, not to theory development.Game theory official developed as a discipline  in the early 20th century.

For the study of Game theory,it began from Zermelo,Borel and von Neumann.In later time,von Neumann and Morgenstern make it systematic and formal first.Then John Forbes Nash Jr proved the exsistence of  quilibrium point with the fixed point theorem,building a firm foundation for Game theory.Besides,The study of Selton and  Hassani contributes to the development of Game theory.Today,Game theory has developed into a perfect subject.

“Three people” and the “four gentlemen” of contemparary Game theory

“Three people”, including John Forbes Nash, John Harsanyi and Reinhard Selten C ·.because they contributed to the Game theory highlightly and get the 1994 Bank of Sweden Prize in Economic Sciences (also known as the Nobel Prize in Economics).

The basic  of Game Theory

Types of Game

Significance of Game theory

Game Theory is a branch of applied mathematics that is used in the social sciences, most notably in economics, as well as in biology (most notably evolutionary biology and ecology), engineering, political science, international relations, computer science, and philosophy. Game theory attempts to mathematically capture behavior in strategic situations, in which an individual’s success in making choices depends on the choices of others. While initially developed to analyze competitions in which one individual does better at another’s expense (zero sum games), it has been expanded to treat a wide class of interactions, which are classified according to several criteria. Today, “game theory is a sort of umbrella or ‘unified field’ theory for the rational side of social science, where ‘social’ is interpreted broadly, to include human as well as non-human players (computers, animals, plants)” (Aumann 1987).

Game theory studies the prediction and practise of  of individuals.It also studie optiminzation strategy.There will present similiar Incentive Structure even it is different interaction.one of the famous and fun example is Prisoner’s Dilemma.

Game behaviors contains competitive.In such acts, take part in struggle or competition of their respective parties have different goals or interests.In order to achieve their own goals and interests, the parties must consider the opponent’s possible action, and try to select the best interests of their own,or the most reasonable option。For example,daily life playing chess, playing cards and so on.Game Theory Game Theory is to study the behavior of the parties to fight each other with the most reasonable act, and how to find the rational behavior of the program of mathematical theory and methods.

The development of Game Theory

The basic  of Game Theory

Types of Game

Significance of Game theory