Chapter twenty-Eight Game Theory 博弈论
Chapter Twenty-Eight Game Theory 博弈论
Contents Dominant strategy Nash equilibrium Prisoner's dilemma and repeated games Multiple equilibria and sequential games Pure and mixed strategies
Contents Dominant strategy Nash equilibrium Prisoner’s dilemma and repeated games Multiple equilibria and sequential games Pure and mixed strategies
Game Theory Game theory models strategic behavior by agents who understand that their actions affect the actions of other agents
Game Theory Game theory models strategic behavior by agents who understand that their actions affect the actions of other agents
Some applications of game Theory The study of oligopolies(industries containing only a few firms) The study of cartels; e.g. OPEC The study of externalities; e.g. using a common resource such as a fishery. The study of military strategies
Some Applications of Game Theory The study of oligopolies (industries containing only a few firms) The study of cartels; e.g. OPEC The study of externalities; e.g. using a common resource such as a fishery. The study of military strategies
What is a game? A game consists of a set of players a set of strategies for each player the payoffs to each player for every possible list of strategy choices by the players
What is a Game? A game consists of – a set of players – a set of strategies for each player – the payoffs to each player for every possible list of strategy choices by the players