Overview

This book brings forth novel insights and unique perspectives to the various theories and possibilities of the intriguing subject of game theory. Assessing the situation, applying tactics and taking risks based on statistical logic and evidence for the best outcomes is the most intriguing characteristic of game theory. The basis of this theory is taking decisions that transcend the conventional rules of a game. Intense research since 1942 has given rise to a well-founded, calculated and documented mathematical process. But there has been a greater scope of possibilities for this theory. During the past few decades, the logic of game theory has found applications in various other fields varying from biology to engineering. Advancements in simulation techniques and network analysis have added substantially to the omnipresence of game theory. This text is a collection and compilation of various research works on game theory coming from various domains of scientific spectrum which have found relevant applications in economics, politics, history, engineering, mathematics, physics, and psychology. Although all these fields hold significant differences right from their basic features till advanced applications, there is a common thread of applications of some or the other method of game theory that binds them together.

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9781632402462

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