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Game Theory

The first evidence of the game theory can be found in the Talmud concerning the dividing of estates. The game theory wasn’t around then but in 1985 it was recognized. Significant contributions came from John von Neumann in 1928 when he proved the min/max theory, and then again when von Neumann and Oskar Morgenstern published Theory of Games and Economic Behavior. John Nash Jr. published four papers between 1950 and 1953, which contributed to the non-cooperative game theory and to the bargaining theory. In 1994 Nash, John C. Harsanyi, and Reinhard Selten won the Nobel Prize in economics for “their pioneering analysis of equilibria in the theory of non-cooperative games.

The game theory is a branch of mathematics

Some topics in this essay:
Nobel Prize, Prisoners’ Dilemma, Game Theory, Nash Jr, game theory, Oskar Morgenstern, Reinhard Selten, von neumann, decision makers, payoffs players, punished severely, decision maker,

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Approximate Word count = 499
Approximate Pages = 2 (250 words per page double spaced)


  

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