what is a game theory is there any reference i can study this subject from ? i n
ID: 3869505 • Letter: W
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what is a game theory is there any reference i can study this subject from ? i need something easy cause i really can't understand it
Ahestu, nam stud. Mechanics of material final 03) (50 points) In the ste intformation, calculate the maximum force P that this structure ca el structure shown, a 10-mm-diameter pins are iameter pins are used at A.B, and C i. The allowable shear stress is 150 MPa at all pins The allowable shear stress in the all members is 1 tructure can carry. ii. 00 MPae-1os MPa iii. The allowable normal stress in all members is iv. The allowable vertical displacement at D is 5 mm v. Consider Buckling strength in your analysis. 300 MPa 300 Ml la "ow- Use E =200 GPa. arimum P that ve strsctyn can cary w body dioyam 4mExplanation / Answer
Game theory:
Game theory is the study of mathematical models of negotiation, conflict and cooperation between individuals, organizations and governments. The study has direct applications in contract theory, economics, sociology and psychology.
->Game theory is applied in various areas of study to understand why an individual makes a particular decision and how the decisions made by one individual affect others. The application of game theory concepts and techniques to non-game activities is known as gamification.
->Game theory research involves studies of the interactions among people or groups of people. Because people make use of an ever-increasing number and variety of technologies to achieve desired ends, game theory can be directly applied in areas of negotiation, such as contract theory and indirectly applied in practical pursuits such as engineering, information technology and computer science.
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So-called games can range from simple personal or small group encounters or problems to major confrontations between corporations or superpowers. One of the principal aims of game theory is to determine the optimum strategy for dealing with a given situation or confrontation. This can involve such goals as maximizing one's gains, maximizing the probability that a specific goal can be reached, minimizing one's risks or losses, or inflicting the greatest possible damage on adversaries.
->Game theory was first devised by John Von Neumann. Later contributions were made by John Nash, A. W. Tucker, and others,
->The formal application of game theory requires knowledge of the following details: the identity of independent actors, their preferences, what they know, which strategic acts they are allowed to make, and how each decision influences the outcome of the game. Depending on the model, various other requirements or assumptions may be necessary. Finally, each independent actor is assumed to be rational.
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Example of Game Theory:
Suppose executives in charge of Apple iOS and Google Android are deciding whether or not to collude and exert duopolistic power over the market for smartphone operating software. Each firm knows that if they work together and do not cheat each other, they will be able to restrict output and raise prices, thereby enjoying above-normal profits.
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