Game theory by Jinna Perez Avila

jperez318_1 — 2024-09-18 02:25:28 UTC

Game theory: mathematical model of the strategic interaction between rational adversaries.

jperez318_1 — 2024-09-18 02:45:29 UTC

Economic situation: Result of a game between two or more players.

jperez318_1 — 2024-09-18 02:47:53 UTC

Rewards: Result of the strategies used by a player (Winnings, Peace Treaties, etc.)

jperez318_1 — 2024-09-18 02:50:04 UTC

One player's loss is another's gain, this is known as a zero-sum game.

jperez318_1 — 2024-09-18 02:51:25 UTC

Forming coalitions allows profits to increase.

jperez318_1 — 2024-09-18 02:53:10 UTC

Components of game theory: players, strategies and benefits.

jperez318_1 — 2024-09-18 02:55:20 UTC

Strategies: actions that players perform during a game.

jperez318_1 — 2024-09-18 02:57:58 UTC

Simultaneous games = dominant strategy, strategy that has the best result.

jperez318_1 — 2024-09-18 03:00:51 UTC

Nash equilibrium=strategy equilibrium.

jperez318_1 — 2024-09-18 03:02:02 UTC

Nash proposed opening different scenarios to study game theory.