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Game Theory
(592 words)

[German Version]

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…

Cite this page
Bayer, Stefan, “Game Theory”, in: Religion Past and Present. Consulted online on 19 July 2024 <>
First published online: 2011
First print edition: ISBN: 9789004146662, 2006-2013

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