Game theory, Mathematics

Assignment Help:

Game Theory

It is used to find out the optimum strategy in a competitive condition,While two or more competitors are engaged in making decisions, this may occupy conflict of interest. In that a case the outcome depends not only upon an individual's action although also upon the action of others. Both competing sides face a same problem. Thus game theory is a science of conflict

Game theory does not concern itself along with finding an optimum strategy however it helps to improve the decision process.Game theory has been utilized in business and industry to develop bidding tactics, advertising strategies, pricing policies, and timing of the introduction of new models in the market and so on.

 


Related Discussions:- Game theory

Fractions, if you have 1/5 of a candy bar and 4 friends how much will they ...

if you have 1/5 of a candy bar and 4 friends how much will they get

Division of two like terms, Case 1: Suppose we have two terms 8ab and 4ab. ...

Case 1: Suppose we have two terms 8ab and 4ab. On dividing the first by the second we have 8ab/4ab = 2 or 4ab/8ab = (1/2) depending on whether we consider either 8ab or 4ab as the

Descrbe about arithmetic and geometric sequences, Descrbe about Arithmetic ...

Descrbe about Arithmetic and Geometric Sequences? When numbers are listed according to a particular pattern, we call the list a sequence. In a sequence, the numbers are separat

Find the volume of a right circular cylinder, Find the volume of a right ci...

Find the volume of a right circular cylinder: Calculate the volume and surface area of a right circular cylinder along with r = 3" and h = 4".  Solution: V =      πr 2

Show that of all right triangles inscribed in a circle, Show that of all ri...

Show that of all right triangles inscribed in a circle, the triangle with maximum perimeter is isosceles.

Calculate the slope of the line, Calculate the slope of the line: Exa...

Calculate the slope of the line: Example: calculate  the  slope  of  the  line  whose  equation  is  y  =  2x  +  3  and  whose y-intercept is (0,3). Solution:    y =

Find the curve on the surface - shortest arc lenght, (a) Find the curve on ...

(a) Find the curve on the surface z=x 3/2 joining the points(x,y,z)=(0,0,0) and (1,1,1) has the shortest arc lenght? (b) Use a computer to produce a plot showing the surface an

Shoppers'' stop, How should shoppers''stop develop its demand forecasts?

How should shoppers''stop develop its demand forecasts?

Homogeneous system , Provided a homogeneous system of equations (2), we wil...

Provided a homogeneous system of equations (2), we will have one of the two probabilities for the number of solutions. 1.   Accurately one solution, the trivial solution 2.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd