Game theory and strategic decision making

Game theory and strategic decision making
14問 • 1年前
  • Warren Dale Garcia
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    問題一覧

  • 1

    is a framework for understanding strategic interactions

    game theory

  • 2

    key concepts in game theory

    players

  • 3

    a decision-makers in the game

    players

  • 4

    the choices available to each player

    strategies

  • 5

    the outcomes resulting from the combination of strategies chosen by the players

    pay-offs

  • 6

    changing strategy will others keep theirs unchange

    nash equilibrium

  • 7

    a strategy that yields higher payoff

    dominant strategy

  • 8

    in cooperative games, players can form binding agreements, while the other they cannot

    cooperative vs non-cooperative games

  • 9

    who is involved in the decision making process?

    players

  • 10

    what options do each of the players have?

    define the strategies

  • 11

    what are the possible outcomes for each combination of strategies?

    assess the pay-offs

  • 12

    determine if there are stable outcomes

    look for equilibria

  • 13

    many real world scenarios evolve repeated games

    consider repeated interactions

  • 14

    consider what each player knows when making their decisions

    factor in information

  • Anaphy 1

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    Warren Dale Garcia · 14問 · 1年前

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    問題一覧

  • 1

    is a framework for understanding strategic interactions

    game theory

  • 2

    key concepts in game theory

    players

  • 3

    a decision-makers in the game

    players

  • 4

    the choices available to each player

    strategies

  • 5

    the outcomes resulting from the combination of strategies chosen by the players

    pay-offs

  • 6

    changing strategy will others keep theirs unchange

    nash equilibrium

  • 7

    a strategy that yields higher payoff

    dominant strategy

  • 8

    in cooperative games, players can form binding agreements, while the other they cannot

    cooperative vs non-cooperative games

  • 9

    who is involved in the decision making process?

    players

  • 10

    what options do each of the players have?

    define the strategies

  • 11

    what are the possible outcomes for each combination of strategies?

    assess the pay-offs

  • 12

    determine if there are stable outcomes

    look for equilibria

  • 13

    many real world scenarios evolve repeated games

    consider repeated interactions

  • 14

    consider what each player knows when making their decisions

    factor in information