Game theory, Mathematics

Game Theory

It is used to find out the optimum strategy in a competitive condition,While two or more competitors are engaged in making decisions, this may occupy conflict of interest. In that a case the outcome depends not only upon an individual's action although also upon the action of others. Both competing sides face a same problem. Thus game theory is a science of conflict

Game theory does not concern itself along with finding an optimum strategy however it helps to improve the decision process.Game theory has been utilized in business and industry to develop bidding tactics, advertising strategies, pricing policies, and timing of the introduction of new models in the market and so on.

 

Posted Date: 2/19/2013 4:56:12 AM | Location : United States







Related Discussions:- Game theory, Assignment Help, Ask Question on Game theory, Get Answer, Expert's Help, Game theory Discussions

Write discussion on Game theory
Your posts are moderated
Related Questions
Define symmetric, asymmetric and antisymmetric relations.    Ans: Symmetric Relation A relation R illustrated on a set A is said to be a symmetric relation if for any x,

An irrigation system uses a straight 30m sprinkler pipe which is capped at one end and arranged so that all water is released directly downwards and pivots around a central point.

AFIGURE THIS OUT(3) (14) (17) (20) (25)= 8 WHAT ARE THE PROCEDURES (-)(+)(x)(div) BETWEEN EACH NUMBER TO COME UP WITH 8 ?

I am interested in school mathematics online assignments , homework help, projects etc. I have good knowledge of mathematics and experience of 15+ years teaching mathematics in cen

to difine trigonometric ratios of an angle,is it necessary that the initial ray of the angle must be positive x-axis?

Draw the graph of y=x^2-4x from x=-1 to x=5.use the scale of 2cm on the x axis and 1cm on the y axis.Estimate the gradient at point:x=4, x=2 and x=0

Velocity and Acceleration - Three Dimensional Space In this part we need to take a look at the velocity and acceleration of a moving object.    From Calculus I we are famili

Example: Find out the radius of convergence for the following power series. Solution : Therefore, in this case we have, a n = ((-3) n )/(n7 n+1 )   a n+1 = (

to difine trigonometric ratios of an angle,is it necessary that the initial ray of the angle must be positive x-axis?

Partitioning - an action of taking away or removing some objects, and finding out how many remain. (e.g., there were 15 toffees in this container, and 10 have been eaten. How many