ISSN 2394-5125
 

Research Article 


A STUDY ON GAME THEORY TECHNIQUES- AN OVER VIEW

P. HEMA, DR.V. VINOBA.

Abstract
Game theory is a field of applied mathematics for analysing complex interactions among entities. It is basically a collection of analytic tools that enables distributed decision process. Game theory (GT) provides insights into any economic, political, or social situation that involves individuals with different preferences. GT is used in economics, political science and biology to model competition and cooperation among entities, and the role of threats/penalties in long term relations. Contemporary social science is based on game theory, economics, and psychology in which mathematical logic is applied.
Game theory provides a mathematical basis for the analysis of interactive decision-making processes. It provides tools for predicting what might happen and possibly what should happen when agents with conflicting interests interact. It is not a single monolithic technique, but a collection of modeling tools that aid in the understanding of interactive decision problems. Generally game theory breaks naturally into two parts:(i) Non-cooperative theory (ii) Cooperative theory. A cooperative game is a game in which the players have complete freedom of preplay communication to make joint binding agreements. These agreements may be of two kinds to coordinate strategies or to share payoffs. In noncooperative game theory, we focus on the individual player’s strategies and their influence on payoffs and try to predict what strategies players will choose (equilibrium concept). In this paper we completely discuss about the performance analysis of strategic form of cooperative game theory.

Key words: Game theory, Co-operative game theory, Non-cooperative game theory, Nash Equilibrium


 
ARTICLE TOOLS
Abstract
PDF Fulltext
How to cite this articleHow to cite this article
Citation Tools
Related Records
 Articles by P. HEMA
Articles by DR.V. VINOBA
on Google
on Google Scholar


How to Cite this Article
Pubmed Style

P. HEMA, DR.V. VINOBA. A STUDY ON GAME THEORY TECHNIQUES- AN OVER VIEW . JCR. 2020; 7(3): 1156-1164. doi:10.31838/jcr.07.03.191


Web Style

P. HEMA, DR.V. VINOBA. A STUDY ON GAME THEORY TECHNIQUES- AN OVER VIEW . http://www.jcreview.com/?mno=102446 [Access: April 19, 2021]. doi:10.31838/jcr.07.03.191


AMA (American Medical Association) Style

P. HEMA, DR.V. VINOBA. A STUDY ON GAME THEORY TECHNIQUES- AN OVER VIEW . JCR. 2020; 7(3): 1156-1164. doi:10.31838/jcr.07.03.191



Vancouver/ICMJE Style

P. HEMA, DR.V. VINOBA. A STUDY ON GAME THEORY TECHNIQUES- AN OVER VIEW . JCR. (2020), [cited April 19, 2021]; 7(3): 1156-1164. doi:10.31838/jcr.07.03.191



Harvard Style

P. HEMA, DR.V. VINOBA (2020) A STUDY ON GAME THEORY TECHNIQUES- AN OVER VIEW . JCR, 7 (3), 1156-1164. doi:10.31838/jcr.07.03.191



Turabian Style

P. HEMA, DR.V. VINOBA. 2020. A STUDY ON GAME THEORY TECHNIQUES- AN OVER VIEW . Journal of Critical Reviews, 7 (3), 1156-1164. doi:10.31838/jcr.07.03.191



Chicago Style

P. HEMA, DR.V. VINOBA. "A STUDY ON GAME THEORY TECHNIQUES- AN OVER VIEW ." Journal of Critical Reviews 7 (2020), 1156-1164. doi:10.31838/jcr.07.03.191



MLA (The Modern Language Association) Style

P. HEMA, DR.V. VINOBA. "A STUDY ON GAME THEORY TECHNIQUES- AN OVER VIEW ." Journal of Critical Reviews 7.3 (2020), 1156-1164. Print. doi:10.31838/jcr.07.03.191



APA (American Psychological Association) Style

P. HEMA, DR.V. VINOBA (2020) A STUDY ON GAME THEORY TECHNIQUES- AN OVER VIEW . Journal of Critical Reviews, 7 (3), 1156-1164. doi:10.31838/jcr.07.03.191