Game theory Analysis of Conflict

core.man

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1.1 Game Theory, Rationality, and Intelligence
Game theory can be defined as the study of mathematical models of
conflict and cooperation between intelligent rational decision-makers.
Game theory provides general mathematical techniques for analyzing
situations in which two or more individuals make decisions that will
influence one another's welfare. As such, game theory offers insights
of fundamental importance for scholars in all branches of the social
sciences, as well as for practical decision-makers. The situations that
game theorists study are not merely recreational activities, as the term
"game" might unfortunately suggest. "Conflict analysis" or "interactive
decision theory" might be more descriptively accurate names for the
subject, but the name "game theory" seems to be here to stay.
Modern game theory may be said to begin with the work of Zermelo
(1913), Borel (1921), von Neumann (1928), and the great seminal book
of von Neumann and Morgenstern (1944). Much of

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Game theory Analysis of Conflict