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Jean Blaise Mimbang

Game Theory

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The art of thinking strategically This book is a practical and accessible guide to understanding and implementing game theory, providing you with the essential information and saving time.In 50minutes you will be able to:   • Quickly master the concept of strategic behavior and interactive decisions   • Anticipate the actions of your opponents to react accordingly and maximize gains   • Find the key to cooperating in order to reach collective goalsABOUT 50MINUTES.COM | Management & Marketing50MINUTES.COM provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. In fact, they are the starting point to take action and push your business to the next level.
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  • herawan19membuat kutipan7 tahun yang lalu
    Game theorists use the word ‘game’ to refer to any complete model made up of a list of individuals (players), a sequence of strategies and payoffs. The term ‘game’ does not refer to a symbolic activity done for fun, but a series of assorted constraints relating to an issue
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    • herawan19membuat kutipan7 tahun yang lalu
      player 2 chooses strategy V with a probability of ½ (0.5). The expected payoffs for the two players are 6 for player 1 and 2.5 for player 2. The Nash theorem can be seen here, since any strategic form game has Nash equilibrium in mixed strategies
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      • herawan19membuat kutipan7 tahun yang lalu
        Nash equilibrium in mixed strategies: Each player chooses the strategy that allows them to maximize their payoffs. In the Nash equilibrium from our example, player 1 chooses Y with a probability of ½ (0.5) and
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