Chapter1
What Exactly Is Game Theory?
In This Chapter
- What game theory is (and isn’t)
- A few basic games
- How to begin solving games
- The keys to game theory
Game theory is a mathematical approach to real-life situations that involves two or more decision makers. Each decision maker—you, for example—has a number of different actions available, and the ultimate outcome depends not only on your action but also on what the others do. As a consequence, the decision makers are forced to think strategically, and it is this feature that gives game theory its intrigue. In this chapter I introduce you to the basic game theory concepts you’ll need to know. ...
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