The Theory of Games
The theory of games is a branch of mathematics designed to analyze the behavior of people in situations of conflict of interest. The exact nature of these conflicts is best evaluated in the case of parlor games (in which such things as winning and losing are clearly defined) and it is this fact that has given the theory its name. Notwithstanding, the theory is applicable to many serious situations : a game, as the term shall be used here, may be an extremely serious affair, including such things as cutthroat economic competition and nuclear warfare.
KeywordsInterest Rate Saddle Point Optimal Strategy Mixed Strategy Pure Strategy
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