game theory

branch of

12 Monkeys (allthetropes.org) 12 Monkeys is an Academy Award-nominated 1995 science fiction film directed by Terry Gilliam and written by David and Janet Peoples. The film was inspired by the French short film La Jetée. It stars Bruce Willis, Madeleine Stowe, and Brad Pitt, who won a Golden Globe for best supporting actor; Pitt was also nominated for an Academy Award in the same category.

Game Theory (plato.standford.edu) Game theory is the study of the ways in which interacting choices of economic agents produce outcomes with respect to the preferences (or utilities) of those agents, where the outcomes in question might have been intended by none of the agents. The meaning of this statement will not be clear to the non-expert until each of the italicized words and phrases has been explained and featured in some examples. Doing this will be the main business of this article. First, however, we provide some historical and philosophical context in order to motivate the reader for the technical work ahead.

Game theory (Wikipedia) Game theory is the study of mathematical models of strategic interactions. It has applications in many fields of social science, and is used extensively in economics, logic, systems science and computer science. Initially, game theory addressed two-person zero-sum games, in which a participant’s gains or losses are exactly balanced by the losses and gains of the other participant. In the 1950s, it was extended to the study of non zero-sum games, and was eventually applied to a wide range of behavioral relations. It is now an umbrella term for the science of rational decision making in humans, animals, and computers.