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Game Theory
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- herawan19har citeretfor 7 år siden
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 - herawan19har citeretfor 7 år sidenplayer 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
- herawan19har citeretfor 7 år sidenNash 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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