This section contains 5,566 words (approx. 19 pages at 300 words per page) |
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Game theory is the analysis of choices made by individuals, institutions, or governments, which are termed players; the results of one player's choice depend on the choices made by the others. Anticipations by players about how others may respond or may anticipate their actions thus influence choices of actions. An important attempt to use game theory involved the formation of nuclear deterrence strategy by the United States during the Cold War (1945–1990). However, game theory has many more general implications that go beyond those involving intentional choice.
Despite the fact that game theory matured only toward the end of the twentieth century, it has become a central tool in some of the behavioral sciences and doubtless will extend its influence into all disciplines that attempt to explain the behavior of living organisms. Indeed, game theory provides a language that transcends and potentially unites the various disciplines that...
This section contains 5,566 words (approx. 19 pages at 300 words per page) |
![]() |