The Theory of Games and the Corresponding Applicability

Moºnianu Cristian ()
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Moºnianu Cristian: “Ovidius” University of Constanta

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 1420-1422

Abstract: Game theory is the study of how optima strategies are formulated in conflict. Because of the mathematical complexity of game theory, this module was limited to two persons and zero sum games. Zero sum means that the sum of the losses of one player must equal the sum of the games of the other player. In a pure strategy game, strategies for the players can be obtained without making any calculations. When there is not a pure strategy, also called a saddle point, for both players, it is necessary to use other techniques, such us the mixed strategy approach

Keywords: theory; games; applicability; equilibrium; competition. (search for similar items in EconPapers)
JEL-codes: C70 (search for similar items in EconPapers)
Date: 2011
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