EURO 2019: Games in Economics, Finance and Biology
Patrizia Daniele · Cristinca Fulga · Guiomar Martin-Herran · Vladimir Mazalov · leon Petrosyan · Bruno M. P. M. Oliveira · Carlos Ramos · Gerhard-Wilhelm Weber · Nikolay Zenkevich
Infinite Study
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4
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About this ebook
Game theory is a mathematical framework developed to address problems with conflicting or cooperating parties who are able to make rational decisions. The theory primarily deals with the finding the optimal rational decision in various scenarios. Game theory is a relatively new discipline. Modern game theory was introduced in the 1920s by John von Neumann. He along with Oskar Morgenstern and John Nash were the main contributors to the development of game theory. The theory offers a wide number of applications in different fields, including economics, political science, finance, psychology, biology, etc.
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