Useful Links
Mathematics
Game Theory
Historical and Theoretical Development
Foundational Figures
John von Neumann
Contributions to mathematics and physics
Development of the minimax theorem
Foundational work in cooperative and non-cooperative games
John Nash
Introduction of Nash Equilibrium
Contributions to bargaining theory
Impact on economics and strategic decision making
Oskar Morgenstern
Collaborations with John von Neumann
Co-authoring "Theory of Games and Economic Behavior"
Influence on economic applications of game theory
Other Influential Researchers
Émile Borel's preliminary work on mixed strategies
Contributions by Reinhard Selten and the development of subgame perfect equilibrium
Contributions to evolutionary game theory by John Maynard Smith
Evolution of Concepts
Development of Strategic Form Games
Early models and assumptions
Introduction of mixed strategies
Expansion to games with more than two players
Evolution of Extensive Form Games
Introduction of game trees and backward induction
Inclusion of chance moves and imperfect information
Shifts in Utility Theory
From cardinal to ordinal utility
The emergence of expected utility theory
Refinement of Equilibrium Concepts
Dominant strategies and rationalizability
Perfect Bayesian equilibrium and signaling games
Expansion in handling simultaneous and sequential moves
Interactions and Overlaps with Other Disciplines
Influence of economics on incentive structures
Interactions with evolutionary biology in strategy adaptation
Psychological insights into bounded rationality and heuristic models
Interdisciplinary Connections
Economics
Contribution to the understanding of oligopolies and competitive strategies
Development of auction theory and market design
Impact on contract theory and principal-agent problems
Political Science
Game theory in understanding voting mechanisms and power structures
Applications in modeling international relations and conflict resolution
Computer Science
Algorithmic game theory and mechanism design in computer networks
Use in designing cryptographic protocols and cybersecurity strategies
Applications in artificial intelligence and machine learning
Biology
Evolutionary strategies and the development of the hawk-dove game
Analysis of animal behaviors and ecosystems through evolutionary stability
Psychology
Behavioral game theory and the study of human decision-making processes
Investigation of risk preferences and psychological biases
Connection to cognitive science and neuroeconomics
7. Mathematical Tools in Game Theory
First Page
9. Critiques and Limitations