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11: Game Theory

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    Learning Objectives

    In this chapter, you will learn to:

    • Solve strictly determined games.
    • Solve games involving mixed strategies.

    Game theory is one of the newest branches of mathematics. It first came to light when a brilliant mathematician named Dr. John von Neumann co-authored with Dr. Morgenstern a book titled Theory of Games and Economic Behavior. Since then it has played an important role in decision making in business, economics, social sciences and other fields.

    Thumbnail: From an evolutionary game theory the four alternative social forms of strategic interaction. (Public Domain; Pearson Scott Foresman via Wikipedia)

    This page titled 11: Game Theory is shared under a CC BY 4.0 license and was authored, remixed, and/or curated by Rupinder Sekhon and Roberta Bloom via source content that was edited to the style and standards of the LibreTexts platform; a detailed edit history is available upon request.