Game theory, Mathematics

Assignment Help:

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.

 


Related Discussions:- Game theory

Describe differance between mean vs. mode, Describe differance between Mean...

Describe differance between Mean vs. Mode ? Every set of numbers or data has a mean and a mode value. The mean is the average value of all the numbers in the set. The mode is t

Example of normal distribution, The mathematics results of 20 first-year un...

The mathematics results of 20 first-year university students are given, together with their results of their performances in the year 12 semester Test and Final Assignment:

Root test- sequences and series, Root Test- Sequences and Series This ...

Root Test- Sequences and Series This is the final test for series convergence that we're going to be searching for at.  Like with the Ratio Test this test will as well tell wh

What is plotting points, What is Plotting Points? To "plot" or "graph" ...

What is Plotting Points? To "plot" or "graph" values means to find points on a number line. The numbers four, negative two, negative three, zero, two, and negative four are bei

Geometry, A closed conical vessel of radius 36 cm and height 60 cm, has som...

A closed conical vessel of radius 36 cm and height 60 cm, has some water. When vertex is down then the height of water is 12 cm. What is the height of water when vertex is up?

Time & distance., Q4. Assume that the distance that a car runs on one liter...

Q4. Assume that the distance that a car runs on one liter of petrol varies inversely as the square of the speed at which it is driven. It gives a run of 25km per liter at a speed o

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd