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Game Theory: Understanding the Mathematics of Life
Brian Clegg
Page: 176
Format: pdf, ePub, mobi, fb2
ISBN: 9781785788321
Publisher: Icon Books, Ltd. UK
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Brian Clegg was always fascinated by Isaac Asimov’s classic Foundation series of books, in which the future is predicted using sophisticated mathematical modelling of human psychology and behaviour. Only much later did he realise that Asimov’s ‘psychohistory’ had a real-world equivalent: game theory. Originating in the study of probabilistic gambling games that depend on a random source – the throw of a dice or the toss of a coin – game theory soon came to be applied to human interactions: essentially, what was the best strategy to win, whatever you were doing? Its mathematical techniques have been applied, with varying degrees of wisdom, to fields such as economics, evolution, and questions such as how to win a nuclear war. Clegg delves into game theory’s colourful history and significant findings, and shows what we can all learn from this oft-misunderstood field of study.
Online courses about Game Theory
Popularized by movies such as "A Beautiful Mind," game theory is the mathematical modeling of strategic interaction among rational (and irrational) agents.
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Game Theory and Strategy (New Mathematical Library, No. 36)
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Game theory has revolutionised our understanding of industrial organisation and the traditional theory of the firm. Despite these advances, industrial