Game theory

What is game theory

Types of games – fair division, dynamic
Variables – number of players, influence of external factors, strategies per player, Nash
equilibrium, sequential game, perfect information, constant sum

The game chosen, cake cutting (fair division). Cake is a metaphor for resources. Personal
engagement- inequality in world, division of resources, solving the problem of unequal
resource distribution with math. Best way of fair divisions
Aim- If the population of India got a chance to divide land and GDP voluntarily by different
fair division methods, how much land would each person get.

Inequality of distribution of resources

How can we use game theory here – fair division
divide and chose in a nutshell
Lack of application in today’s world of divide and chose
Understanding divide and choose
Assumptions – non cooperative