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Theory games

The problems of operations research have stimulated new developments in several mathematical fields various aspects of game theory, stochastic processes, the calculus of variations, graph theory, and numerical analysis, to name a few. [Pg.253]

Example 1.—Two persons X and Y jointly own an object worth 3. Because joint ownership invites trouble, they decided to make sealed bids (each person s bid is not known to the other) for its possession. The one who bids higher gets the object, but he has to pay a compensation to the other person, equal to the latter s bid. They decide that each can bid, 0,1, 2, 3, or 4 dollars, and if both bids are the same they will sell the object for 3 and share the money equally. Neither blows what the other one will bid, and they both resort to game theory for advice on how much to bid. [Pg.311]

T. E. Caywood and C. J. Thomas, Applications of Game Theory in Fighter versus Bomber Combat, Operations Research, 3, No. 4, 402 (1958). [Pg.313]

Decision Theory Formalism in the Behavioral Sciences.46—A formal method for examining decisions is developed through the use of a utility matrix [ tj] similar to the payoff matrix of game theory. In this matrix the rows correspond to the various possible acts of a decision-maker (e.g., to invest money in enterprises AltA2, -, Am) and the columns to various states, i.e., circumstances (e.g., possible levels of development of each enterprise) under which the acts are performed. The element y gives the utility (return or value) for using act At when state sf prevails. [Pg.314]

Rabin M (1993) Incorporating fairness into game theory and economics. Am Econ Rev... [Pg.135]

Reduction, Rationality and Game Theory in Marxian Economics... [Pg.138]

Interestingly, it was the same methodological instrument that helped, both in mathematical economics and in theoretical biology, to bolster the approach based on the level of the individual. This is the use of game theory, a mathematical discipline founded more... [Pg.65]

Lindgren, K. (1996), Evolutionary Dynamics in Game-Theory Models, to appear in The Economy as an Evolving, Complex System II, ed. W. Brian Arthur et al. [Pg.75]

Selten, R. (1975), Re-examination of the perfectness concept for equilibrium points in extensive games, International Journal of Game Theory 4, 25—55. [Pg.76]

Weibull (1995) Evolutionary Game Theory, MIT Press, Cambridge, Mass. [Pg.76]

To act rationally is to do as well for oneself as one can. When two or more rational individuals interaa, they may do much worse for themselves than they could have done. This insight is perhaps the main practical achievement of game theory, or the theory of interdependent decisions. But the theory is also useful in a number of other ways. In faa, once one has come to appreciate it fully, it appears not to be a theory in the ordinary sense, but the natural, indispensable framework for understanding human interaction. It is, in that respect, more akin to logic than to an empirical discipline. It becomes an empirical theory once we add principles of behavior that can be tested and found to be true or false, but it does not stand or fall with empirical testing. [Pg.36]

Polyominoes were considered first by Conway, Penrose, Golomb as tiles (of R2 etc. see, for example, [CoLa90]) and in Game Theory later, they woe used for enumeration in physics and statistical mechanics. [Pg.45]

Vol. 556 R. Branzei, D. Dimitrov, S. Tijs, Models in Cooperative Game Theory. VIII, 135 pages. 2005. [Pg.245]

Krapivin V.F. and Klimov V.V. (1995). Valuation of convergence of physical mixture strategies in matrix games. Theory and Control Systems, 6, 209-217 [in Russian]. [Pg.538]

LINEAR PROGRAMMING AND ECONOMIC ANALYSIS, Robert Dorfman, Paul A. Samuelson and Robert M. Solow. First comprehensive treatment of linear programming in standard economic analysis. Game theory, modern welfare economics, Leontief input-output, more. 525pp. 5H x 8H 65491-5 Pa. 312.95... [Pg.127]

MATHEMATICAL METHODS OF OPERATIONS RESEARCH, Thomas L. Saaty. Classic graduate-level text covers historical background, classical methods of forming models, optimization, game theory, probability, queueing theory, much more. Exercises. Bibliography. 448pp. 5X x 8X. 65703-5 Pa. 312.95... [Pg.127]

GAMES AND DECISIONS Introduction and Critical Survey, R. Duncan Luce and Howard Raiffa. Superb non-technical introduction to game theory, primarily applied to social sciences. Utility theory, zero-sum games, n-person games, decision-making, much more. Bibliography. 509pp. 5b x 8b. 65943-7 Pa. 10.95... [Pg.129]

During the winter term of 1961, another Harvard faculty member, Richard Alpert, became an important companion. Leary and Alpert were co-lecturers in a course on "game theory called Existential Transactional Behavior Change. Alpert was asked by the chairman of the social relations department (McClelland) to keep an eye on Leary and this "mushroom project. ... [Pg.335]


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