GAME THEORY AND INTERACTIVE DECISIONS - PowerPoint PPT Presentation

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GAME THEORY AND INTERACTIVE DECISIONS

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  1. GAME THEORY AND INTERACTIVE DECISIONS

  2. Introduction • Interactive and Non- Interactive Decisions • Fundamentals of Game Theory • Types of Games • Game Solution and Equilibrium • Non Zero and Zero Sum Games • Summary

  3. Fundamentals • Decision Theory: Non Interactive and Interactive Decisions • History of Game Theory • Game Notations in 2 Person Games. • Strategies • Payoffs • Types of Games: Non Zero and Zero Sum Games

  4. Games Solutions Concepts • Inferior and dominant strategies, inadmissibility • Dominant Equilibrium • Non zero Sum Games: Competition and Cooperation • Nash Equilibrium • The Prisoner’s Dilemma

  5. Zero Sum Games • Solution with Pure Strategies: The Saddle Point Solution • Solution with Mixed Strategies • Strategy graphs and Game Value • Summary of Game Theory