[Ask ] Game Theory.
Game theory
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For other uses, see Game theory (disambiguation).
Game theory is a branch of applied mathematics that is used in the social
sciences, most notably in economics, as well as in biology, engineering,
political science, international relations, computer science, and philosophy.
Game theory attempts to mathematically capture behavior in strategic
situations, in which an individual's success in making choices depends on the
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choices of others.
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below are my comments and notes:
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Does this applies to social phenomenon too?
If everyone is influenced to be decent, then I can easily be decent.
However, if everyone is evil in nature, then it influences me and forces me
to be protective of myself. (sometimes even have to exalt certain amount of
evilness from myself to treat others in a mean way in order for survival.)
How can we get an win-win situation for the betterment of the ultimate goal?
which is to win peacefully. or, to say that everyone live in a society of
peace and trust + love.
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While initially developed to analyze competitions in which
one individual does better at another's expense (zero sum games), it has been
expanded to treat a wide class of interactions, which are classified
according to several criteria. Today, "game theory is a sort of umbrella or
'unified field' theory for the rational side of social science, where
'social' is interpreted broadly, to include human as well as non-human
players (computers, animals, plants)" (Aumann 1987).
Traditional applications of game theory attempt to find equilibria in these
games. In an equilibrium, each player of the game has adopted a strategy that
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they are unlikely to change.
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Here I see why we hold different opinions and strategies for survival. :P
Many equilibrium concepts have been developed
(most famously the Nash equilibrium) in an attempt to capture this idea.
These equilibrium concepts are motivated differently depending on the field
of application, although they often overlap or coincide. This methodology is
not without criticism, and debates continue over the appropriateness of
particular equilibrium concepts, the appropriateness of equilibria
altogether, and the usefulness of mathematical models more generally.
Although some developments occurred before it, the field of game theory came
into being with the 1944 book Theory of Games and Economic Behavior by John
von Neumann and Oskar Morgenstern. This theory was developed extensively in
the 1950s by many scholars. Game theory was later explicitly applied to
biology in the 1970s, although similar developments go back at least as far
as the 1930s. Game theory has been widely recognized as an important tool in
many fields. Eight game theorists have won Nobel prizes in economics, and
John Maynard Smith was awarded the Crafoord Prize for his application of game
theory to biology.
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btw, sharing an interesting point here.
John Nash, the Nobel laureate, who invented Game Theory, developed severe
schizophrenia after 30. He also has a son who suffers from schizophrenia.
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