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Introduction to Game Theory

Introduction to Game Theory

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Published by shivam
the document is all about the use & decribing the GAME THEORY
the document is all about the use & decribing the GAME THEORY

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Published by: shivam on Apr 20, 2009
Copyright:Attribution Non-commercial

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11/06/2012

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An Elementary Introduction toGame Theory
Ritesh Pandey
 
 
1. Strategic interaction among economicagents :Classical AnalysisGame Theoretic analysis2. Uses of Game theory: Parlor Games,Political Negotiation andEconomic behavior.
 
 
3. Our focus will be on Two - Person gameswith a finite no. of strategies.4. The Concept of a
Payoff Matrix.5. Dominant Strategy:
If there is one optimalchoice of strategy for a player irrespectiveof the other’s choice.6. If a DS exists, it will be the equilibrium outcomeof the game.

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