Games parties play: Nash equilibrium of the Nuclear Agreement
Game theory is the analysis of strategic interaction among agents. These agents may be two or more people, firms or countries, with both taking into account how the other agent will “play”. Game theory has been employed to increase revenue at auctions, better equip challengers against incumbents in the market, and explain why bad dictators last so long.
- Prakarsh Singh |
- July 31, 2008 |
- IDSA Comments