Game theory

Outcome (game theory)

In game theory, an outcome is a situation which results from a combination of player's strategies. Formally, a path through the game tree, or equivalently a terminal node of the game tree. A primary purpose of game theory is to determine the outcomes of games according to a solution concept (e.g. Nash equilibrium). In a game where chance or a random event is involved, the outcome is not known from only the set of strategies, but is only realized when the random event(s) are realized. A set of payoffs can be considered a set of N-tuples, where N is the number of players in the game, and the cardinality of the set is equal to the total number of possible outcomes when the strategies of the players are varied. The payoff set can thus be partially ordered, where the partial ordering comes from the value of each entry in the N-tuple. How players interact to allocate the payoffs among themselves is a fundamental aspect of economics. (Wikipedia).

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1. Introduction: five first lessons

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From playlist Game Theory with Ben Polak

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3 game theory tactics, explained

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Jules Hedges - compositional game theory - part I

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From playlist compositional game theory

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Why Game Theory is Not About Competition

This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ https://www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Game Theory is supposed to show how businesses (and prisoners) can outdo each other to win out

From playlist Case Studies

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From playlist Probability and Statistics

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From playlist Mathematics 1B (Algebra)

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From playlist TAMU: Bio 312 - Evolution | CosmoLearning Biology

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5f Machine Learning: Non-cooperative Game Theory

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From playlist Machine Learning

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From playlist William Spaniel: International Relations 101

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From playlist Caltech Watson Lecture Series

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4.1.1 Tree Model: Video

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From playlist MIT 6.042J Mathematics for Computer Science, Spring 2015

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Samson Abramsky - The sheaf-theoretic structure of contextuality and non-locality

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13. Oligopoly

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From playlist MIT 14.01 Principles of Microeconomics, Fall 2018

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Elias Koutsoupias: Game Theory 1/2 🎲 CERN

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Nash Equilibriums // How to use Game Theory to render your opponents indifferent

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From playlist Game Theory

Related pages

Nash equilibrium | Pareto efficiency | Partially ordered set | Game theory | Game tree | Mechanism design | Realization (probability) | Strategic dominance | Implementation theory