Search results
Results from the WOW.Com Content Network
Michael Bahir Maschler (Hebrew: מיכאל בהיר משלר) (July 22, 1927 – July 20, 2008) was an Israeli mathematician well known for his contributions to the field of game theory. He was a professor in the Einstein Institute of Mathematics and the Center for the Study of Rationality at the Hebrew University of Jerusalem in Israel.
Separately, game theory has played a role in online algorithms; in particular, the k-server problem, which has in the past been referred to as games with moving costs and request-answer games. [124] Yao's principle is a game-theoretic technique for proving lower bounds on the computational complexity of randomized algorithms , especially online ...
In applied game theory, the definition of the strategy sets is an important part of the art of making a game simultaneously solvable and meaningful. The game theorist can use knowledge of the overall problem, that is the friction between two or more players, to limit the strategy spaces, and ease the solution.
Constant sum: A game is a constant sum game if the sum of the payoffs to every player are the same for every single set of strategies. In these games, one player gains if and only if another player loses. A constant sum game can be converted into a zero sum game by subtracting a fixed value from all payoffs, leaving their relative order unchanged.
Because it starts with the end of the game (an optimal result) and then works backwards to find a game that implements it, it is sometimes described as reverse game theory. [ 2 ] Mechanism design has broad applications, including traditional domains of economics such as market design , but also political science (through voting theory ) and ...
Conditions on G (the stage game) – whether there are any technical conditions that should hold in the one-shot game in order for the theorem to work. Conditions on x (the target payoff vector of the repeated game) – whether the theorem works for any individually rational and feasible payoff vector, or only on a subset of these vectors.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
Game theorists commonly study how the outcome of a game is determined and what factors affect it. In game theory, a strategy is a set of actions that a player can take in response to the actions of others. Each player’s strategy is based on their expectation of what the other players are likely to do, often explained in terms of probability. [2]