Game Theory, Introduction to
Game theory is the study of decision problems which involves several individuals (the decision-makers or players) interacting rationally. The models of game theory are abstract representations of a number of real-life situations and have applications to economics, political sciences, computer sciences, evolutionary biology, social psychology, and law, among others. These applications are also important for the development of the theory, since the questions that emerge may lead to new theoretic results.
This session is an attempt to provide the main features of game theory, covering most of the fundamental theoretic aspects under the cooperative, noncooperative, and “general” or “mixed” approaches.
The cooperative approach focuses on the possible outcomes of the decision-maker’s interaction by abstracting from the actions or decisions that may lead to these outcomes. Specifically, cooperative game theory studies the interactions among coalitions of players. Its main question is as...