Noncooperative Game Theory

Piotr Faliszewski, Irene Rothe and Jörg Rothe
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Piotr Faliszewski: AGH University of Science and Technology
Irene Rothe: Bonn-Rhein-Sieg University of Applied Sciences
Jörg Rothe: Heinrich-Heine-Universität Düsseldorf

Chapter Chapter 2 in Economics and Computation, 2016, pp 41-134 from Springer

Abstract: Abstract Playing is something profoundly human, and the ability to play is tightly tied to the intelligence of human beings, to their capability of thinking foresightedly and strategically, of choosing a particularly profitable move among all possible moves, of anticipating possible response moves by their adversaries, and thus to their capability of maximizing their own profit. By playing a game we here mean, in general, an interaction under preassigned rules, amongst several players each interested in maximizing their gains and acting strategically to this end. Games are encountered everywhere, be it as a party game, a card game, a computer game, or a game of hazard, be it as an individual or team sport such as chess, foil fencing, soccer, or ice hockey, be it companies organizing their strategies in a market economy, or states and other global players deciding on their geopolitical strategies.

Keywords: Nash Equilibrium; Mixed Strategy; Pure Strategy; Dominant Strategy; Winning Strategy (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1007/978-3-662-47904-9_2

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