Tag: game theory is a slighttly oddly

Game theory is a slighttly oddly defined subject matter. A game is any decision problem where the outcome depends on the actions of more than one agent, as well as perhaps on other facts about the world. Game Theory is the study of what rational agents do in such situations. You might think that the way to figure that out would be to come up with a theory of how rational agents solve decision problems, i.e., figure out Decision Theory,

1185 days ago

Game theory is a slighttly oddly defined subject matter. A game is any decision problem where the outcome depends on the actions of more than one agent, as well as perhaps on other facts about the world. Game Theory is the study of what rational agents do in such situations. You might think that the way to figure that out would be to come up with a theory of how rational agents solve decision problems, i.e., figure out Decision Theory, and then apply it to the special case where the decision problem involves uncertainty about the behaviour of other rational agents. Indeed,

1187 days ago

Game theory is a slighttly oddly deﬁned subject matter. A game is any decision problem where the outcome depends on the actions of more than one agent, as well as perhaps on other facts about the world. Game Theory is the study of whatrationalagentsdoinsuchsituations. Youmightthinkthatthewaytoﬁgure thatoutwouldbetocomeupwithatheoryofhowrationalagentssolvedecision problems, i.e., ﬁgure out Decision Theory, and then apply it to the special case where the decision problem involves uncertainty about the behaviour of other rational agents. Indeed, that is really what I think. But historically the theory of games has diverged a little from the theory of decisions. And in any case, games are an interesting enough class of decision problems that they are worthy of attention because of their practical signiﬁcance, even if they don’t obviously formanaturalkind.

1188 days ago

Game theory is a slighttly oddly defined subject matter. A game is any decision problem where the outcome depends on the actions of more than one agent, as well as perhaps on other facts about the world. Game Theory is the study of what rational agents do in such situations. You might think that the way to figure that out would be to come up with a theory of how rational agents solve decision problems, i.e., figure out Decision Theory, and then apply it to the special case where the decision problem involves uncertainty about the behaviour of other rational agents.

1192 days ago