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Game Theory
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Game theory
What is the difference between cooperative and non-cooperative games?
Cooperative games allow players to form binding commitments externally enforced, while non-cooperative games do not
Cooperative games are played by teams, while non-cooperative games are played individually
Cooperative games are always zero-sum, while non-cooperative games can be zero-sum or non-zero-sum
Cooperative games are always simultaneous, while non-cooperative games can be simultaneous or sequential
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Why?
Game theory
What is the Nash equilibrium?
A strategy for winning at poker
A criterion for mutual consistency of players' strategies
A method for finding mutually consistent solutions for two-person zero-sum games
A solution concept of subgame perfect equilibria
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Why?
Game theory
Who is credited with the idea of mixed-strategy equilibria in two-person zero-sum games?
John Nash
Oskar Morgenstern
John von Neumann
Antoine Augustin Cournot
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