In economics, buyers and sellers are usually the main sides in a market. Game theory can perfectly model decisions behind each “player” and calculate an outcome that benefits both sides. However, the use of game the...In economics, buyers and sellers are usually the main sides in a market. Game theory can perfectly model decisions behind each “player” and calculate an outcome that benefits both sides. However, the use of game theory is not lim-ited to economics. In this paper, I will introduce the mathematical model of general sum game, solutions and theorems surrounding game theory, and its real life applications in many different scenarios.展开更多
文摘In economics, buyers and sellers are usually the main sides in a market. Game theory can perfectly model decisions behind each “player” and calculate an outcome that benefits both sides. However, the use of game theory is not lim-ited to economics. In this paper, I will introduce the mathematical model of general sum game, solutions and theorems surrounding game theory, and its real life applications in many different scenarios.
