While some games, like rock-paper-scissors, only work if all payers choose their actions concurrently, other games, like chess or Monopoly, expect the players to take turns one after one other. In Game Theory, the...
In Game Theory, the players typically need to make assumptions in regards to the other players’ actions. What is going to the opposite player do? Will he use rock, paper or scissors? You never...
In Game Theory, how can players ever come to an end if there still is perhaps a greater option to make your mind up for? Possibly one player still wants to alter their decision....
Game theory is a field of research that is sort of distinguished in Economics but relatively unpopular in other scientific disciplines. Nonetheless, the concepts utilized in game theory could be of interest to a...