The subject of game theory is the formally exact analysis of situations of interactive strategic decisions. Characteristic properties of modes of strategic behavior are typically conflicts of interest and/or problems of coordination between the players. For the economy, game theory is an indispensable tool because ¶ almost every situation of economic decision exhibits at least one strategic component. Modern textbooks on game theory distinguish a plethora of different basic types of games – with respect, for example to the nu…
Game Theory(592 words)
Cite this page
Bayer, Stefan, “Game Theory”, in: Religion Past and Present. Consulted online on 26 September 2023 <http://dx.doi.org/10.1163/1877-5888_rpp_SIM_124932>
First published online: 2011
First print edition: ISBN: 9789004146662, 2006-2013
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