Vol 7, No 2 (2023)

Game Theory and its Applications

 Author’s: Srishti Singh, Om Prakash

Abstract: ame theory is a branch of mathematics and economics that studies strategic interactions among rational decision-makers. It provides a framework for analyzing and understanding the behavior of individuals and entities in situations where the outcome depends on the choices made by all participants. This paper explores the foundational concepts of game theory, its key components, and various applications across diverse fields such as economics, biology, political science, and computer science.

Keywords: Game Theory, Nash Equilibrium, Cooperative Games, Non-Cooperative Games, Zero-Sum Games, Non-Zero-Sum Games, Evolutionary Game Theory, Algorithmic Game Theory, Multi-Agent Systems

 

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