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Game Theory

Game Theory

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Published by shilpanpatel127

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Published by: shilpanpatel127 on Mar 21, 2010
Copyright:Attribution Non-commercial

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11/08/2010

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GAME THEORYGAME THEORY
BYSHEKHAR SUMAN JHAVISHRUT KALBANDEJAYENDRA PATELSHILPAN PATELSTRATEGICDECISION MAKING
 
What
is G
ame
T
heory?
GT is
an
 
analyt
ic
al
 
tool
or 
s
o
ci
al
sci
en
c
e
s
that
is us
ed
 
to
 
model
s
trateg
ic i
ntera
c
t
i
on
s
or 
c
on
l
ic
t
si
t
u
at
i
on
s.
M
a
i
n
 
obje
c
t
iv
e
C
ompet
i
tor'
s c
ontrol
P
ay-o
ffs &
o
u
t
c
ome
s
Strategic interaction
:
 
When
 
a
c
t
i
on
s
o
a
 
 player 
i
n
l
u
en
c
e
 
 payo
ffs
to
 
other 
 
 player 
s
 
I
n
l
u
en
c
e
a
c
tor 
s
rat
i
onal
 
 beha
vi
or 
i
n
i
ntera
c
t
iv
e
si
t
u
at
i
on
s
I
ntere
s
t
s
o
f i
nd
ivi
d
u
al
 
 player 
L
e
v
el
 
o
f c
ompet
i
t
i
on
G
ood
s
trateg
is
s
own
 
exper 
i
en
c
e
 
or 
 
 pred
ic
t
i
on
P
ay-o
ffs &
o
u
t
c
ome
s

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