Game theory is a branch of applied mathematics and economics that studies strategic situations where there are several stakeholders, each with different goals, whose actions can affect one another.
2. Game theory is a branch of applied mathematics and
economics that studies strategic situations where there
are several stakeholders, each with different goals,
whose actions can affect one another.
You may have many terms such as "game theory" or
"Nash equilibrium" to be heard, Or even if you have not
heard, at least in their daily lives have to deal with
situations where either subconsciously usage of game
theory Or if you were aware of this theory have been
used to achieve better results, Your choice depends on
the situations in which they have chosen others.
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3. Years ago, the father of modern economics, Adam
Smith argued that in a competitive, individual
incentives to contribute to common goals and the best
results occur when everyone in the group is the best
thing for him to do. About a hundred and fifty years
later, John Forbes Nash, who proposed the theory of
Adam Smith was right, but not perfect. His own theory
is that economic theory was at odds with one hundred
and fifty years of such proposed, the best results are
achieved when everyone has to do what is best for
himself and group.
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4. He collaborated in the development of game theory and
showed that if people work and interest groups are
taken into consideration to achieve maximum benefits
and profits for your group. This is the best example for
this topic is "prisoner's dilemma".
Game theory is trying to interest people in conflict
situations where the modeling. These situations arise
when an individual's success and decisions depends
on others decisions and develop strategies to decide
and the ultimate goal of game theory is to find the
optimal strategy for players.
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5. Game theory on many topics, including how to engage
decision makers in a competitive environment and
Oligopolistic markets and reactions of the other players
is important, is Very useful. Game theory as well as in
other behavioral sciences, political science, psychology,
sociology, philosophy, biology and logic is useful.
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6. “The law of life is the law of beliefs”
Great Thanks For Your Attention
Good Luck
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