OR Y

M E THE
GA

Prepared by-
Rasmi
Prashant
Prenika
Rajkumar
Raman
 Game theory is a branch of applied mathematics that is
used in the social sciences, most notably in economics,
as well as in biology (particularly evolutionary biology
 and ecology), engineering, political science, 
international relations, computer science, 
social psychology, and philosophy. Game theory
attempts to mathematically capture behavior in
strategic situations, or games. Each player of the game
has adopted a strategy that they are unlikely to change.
 Strategic Gaming Group
 "Practical application of game theory for situations where the actions of competitors, partners, and other
stakeholders are important drivers."
 Meristem Consulting & Training
 "Specializing in strategies for complex business situations using game theory.."
 Criterion Economics
 "Provides advice on strategic, economic, and business transformation matters to a diverse group of
clients.."
 Charles River Associates
 "Expertise in economics, finance, and business strategy consulting."
 Market Design Inc.
 "Offers consulting services in the design of auction markets."
 Strategic Decisions Group
 "A strategy consulting firm renowned for applying leading-edge decision theory."
 Auctus Development
 "Provides auction strategy and game theory consulting services to enterprises across the United States
and around the world."
 NERA Economic Consulting
 "An international firm of economists who understand how markets work."
 Decision Insights, Inc.
 "A game-theoretic system that is versatile, logical, and incredibly precise."
TYPES OF GAMES

 Cooperative or non-cooperative
 A game is cooperative if the players are able to
form binding commitments. For instance the legal
system requires them to adhere to their promises.
In non cooperative games this is not
possible.Often it is assumed
that communication among players is allowed in
cooperative games, but not in non cooperative
ones.
 Symmetric and asymmetric
 A symmetric game is a game where the payoffs
for playing a particular strategy depend only on
the other strategies employed, not on who is
playing them. If the identities of the players can
be changed without changing the payoff to the
strategies, then a game is symmetric
 Zero-sum and non-zero-sum
 Zero-sum games are a special case of constant-sum
games, in which choices by players can neither increase
nor decrease the available resources. In zero-sum games
the total benefit to all players in the game, for every
combination of strategies, always adds to zero (more
informally, a player benefits only at the equal expense of
others). Poker exemplifies a zero-sum game (ignoring
the possibility of the house's cut), because one wins
exactly the amount one's opponents lose.
 ROG (Real Options Group)
 "Revolutionizing corporate strategy and bridging the gap between finance and
strategic planning."
 Santa Fe Associates International
 "Enable companies to 'co-evolve' with their business and social environments."
 Economists Incorporated
 "A premier economic consulting firm in the fields of law and economics, public
policy, and business strategy."
 Cariocas, Inc.
 "Engage and retain consumers through smart, integrated promo
 IBM Business Strategy Consulting
 "Help each company identify its own solutions and its own competitive advantage."
 KeyPoint Consulting
 "Provides economic, financial, and forensic accounting services to law firms,
corporations, and government agencies."
 LECG
 "Provides litigation support, regulatory analyses, and management consulting."