Difference between revisions of "Game theory"
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==Definition== | ==Definition== | ||
According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
| − | + | :[[Game theory]]. A branch of mathematics often used by economists that analyzes situations in which players must make decisions and then receive payoffs. | |
[[Category: Economics]][[Category: Articles]] | [[Category: Economics]][[Category: Articles]] | ||
Revision as of 03:24, 2 June 2020
- Game theory is a branch of mathematics often used by economists that analyzes situations in which players must make decisions and then receive payoffs.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Game theory. A branch of mathematics often used by economists that analyzes situations in which players must make decisions and then receive payoffs.
