Generalizing Game Theory
Game theoretic concepts apply whenever the actions of several agents are interdependent. These agents may be individuals, groups, firms, or any combination of these. The concepts of game theory provide a language to formulate,...
Network Game Theory
Network Game Theory Network game theory is the combination of network analysis and game theory to the study of situations of interdependence between adaptive agents. Network game theory builds...
Replicator Dynamics
Replicator Dynamics The replicator equation is the first and most important game dynamic studied in connection with evolutionary game theory. The replicator equation and other deterministic game...
Evolutionary Stable Strategies
Evolutionary Stable Strategies The concept of an Evolutionarily Stable Strategy(ESS) applies to evolutionary processes where agents adopt a strategy and then learn of its comparative success...
Evolutionary Game Theory
Evolutionary Game Theory Evolutionary Game Theory is the application of game theory concepts to situations in which a population of agents with diverse strategies interact over time to create a...
Cooperative Structures
Cooperative Structures Cooperative structures are the various forms of institutional structures that enable people to act cooperatively, examples being third party organizations like governments,...
Public Goods Games
Public Goods Games Public goods games are social dynamics that involve three main components: they involve resources that are jointly provided; the resource is non-excludable in nature; it is...
Social Dilemma
Social Dilemma The social dilemma captures the core dynamic within groups requiring collective action, where there is a conflict between an individual’s immediate personal or selfish interests...
Cooperative Games
Cooperative Games In game theory, a cooperative game is any situation of interdependence between agents wherein there is the possibility for cooperative structures to be formed, either through...
Pareto Optimal Games
Pareto Optimality In economics Pareto optimality, also called “Pareto efficiency” is a state where the resources in a system are distributed in the most efficient manner, and it is...
Solution Concept
Solution Concept In game theory, a solution concept is a model or rule for predicting how a game will be played.1 These predictions are called “solutions”, and describe which...
Non-Cooperative Games
In game theory, a primary distinction is made between those game structures that are cooperative and those that are non-cooperative. As we will see the fundamental dynamics surrounding the whole...
Elements of Games
Elements of Games A game in game theory is any situation involving the interdependence between adaptive agents as they make choices that affect each other and the overall outcome of the...
Games Models
Games Models This article covers the basic features to the model of games within game theory. We talk about the two basic forms of representation, that of the normal form in a matrix model and...
Game Theory Overview
Game theory is the domain of applied mathematics that studies situations of interdependence between adaptive agents. A game is a system wherein adaptive agents are interdependent in effecting...