PPT-GAME THEORY LECTURE 1: Game representations,

solution concepts and Refinements of NASH Equilibrium Tuomas Sandholm The heart of the problem In a 1agent setting agent s expected utility maximizing strategy is welldefined But in a multiagent system the outcome may depend on others. Presented by: Zhenhuan Sui. Nov. 24. th. , 2009. Definition. Game Theory: applied mathematics in social sciences, especially economics. It is to mathematically find behaviors in strategic situations in which an individual person's successful choices depend on the choices of others. It tries to find the equilibriums in the games in which each player uses a strategy that they are unlikely to change. . By Ben Cutting & . Rohit. . Venkat. Game Theory: General Definition. Mathematical decision making tool. Used to analyze a competitive situation in order to determine the optimal course of action. Lecture 1 - Introduction. 1. Agenda. Introduction. to Game Theory. Basic. Game Theory Examples. Strategic. Games. More. Game Theory Examples. Equilibrium. Mixed Strategy. 2. The study of Game Theory in the context of Computer Science, in order to reason about problems from computability and algorithm design.. ECO 54 History of Economic Thought. Udayan. Roy. What is Game Theory?. Game theory looks at rational behavior when each decision maker’s well-being depends on the decisions of others as well as her own. According to the folks at Wikipedia, a game may be considered as an applied game or serious game if it has for its purpose objectives that are distinguished from those purely of entertainment. The adjective “serious” is used to refer to industries related to education, defense, health care, science, planning of cities, emergency management, politics or even engineering.. Lecture 1 - Introduction. 1. Agenda. Introduction. to Game Theory. Basic. Game Theory Examples. Strategic. Games. More. Game Theory Examples. Equilibrium. Mixed Strategy. 2. The study of Game Theory in the context of Computer Science, in order to reason about problems from computability and algorithm design.. What is Game Theory?. It is . a tool used to analyze strategic behavior . and trying . to maximize . his/her payoff . of the game by anticipating the actions of the other players and responding to them . Nima. . Namvar. PhD Student. Outline. Introduction. Matching . Games. Stackelberg. Games. Coalition Games. Future works. . Part1: . Introduction. Multi-agent Systems. Agent . capabilities:. Sensing the environment. Author: . Neil . Bendle. Marketing Metrics Reference: Chapter 7. © 2014 Neil . Bendle. and Management by the Numbers, Inc.. Game Theory studies competitive and cooperative interactions.. Despite often using terms such as “players” and “games”, the ideas apply to markets and managers.. Game theory . to analyze strategic behavior:. Given a strategic environment (a “game”), and an assumption about like behavior (e.g. Nash Equilibrium), we can predict what will happen.. Mechanism design . 1. Introduction to game theory and its solutions. 2. Relate Cryptography with game theory problem by introducing an example. 3. Open questions and discussions. Game Theory and Cryptography Presented by 08. Games and Game Theory. Much effort to develop computer programs for artificial games like chess or poker commonly played for entertainment. Larger issue: account for, model, and predict how agents (human or artificial) interact with other agents. competitiON. P.V. Viswanath. FIN 663, . Financial Strategy and Business Decisions. Why Game Theory?. equilibria. We saw previously (in the module on Capital Structure and Stockholder Incentives) that the existence of debt could cause debt overhang... solution concepts, and . Refinements of NASH Equilibrium. Tuomas Sandholm. The heart of the problem. In a 1-agent setting, agent. ’. s expected utility maximizing strategy is well-defined. But in a multiagent system, the outcome may depend on...