Game Theory

Game theory is a mathematical discipline that studies methods for finding the optimal strategy in game classes .

Game theory studies situations of competition and cooperation between several involved parties by using mathematical methods. This is a broad definition but it is consistent with the large number of applications. These applications range from strategic questions in warfare to understanding economic competition, from economic or social problems of fair distribution to behavior of animals in competitive situations, from parlor games to political voting systems – and this list is certainly not exhaustive .

Sources:

McCain, Roger A. (2010), Roger McCain's Game Theory: A Nontechnical Introduction to the Analysis of Strategy (Revised ed.), ISBN 9789814289658

Hans Peters Game Theory: A Multi-Leveled Approach. – Second Edition, - Springer, 2015 – 495