Wikipedia 10K Redux by Reagle from Starling archive. Bugs abound!!!

<-- Previous | Newer --> | Current: 984179493 LeeDanielCrocker at Fri, 09 Mar 2001 23:11:33 +0000.

Game_theory

Though touched on by earlier mathematical results, modern game theory became a prominent branch of mathematics in the 1940s, especially after the publication of [[The Theory of Games and Economic Behavior]] by [[John von Neumann]] and [[Oskar Morgenstern]].  Game theory differs from the related field of [[economics]] in that it seeks to find rational strategies in situations where the outcome depends not only on one's own strategy and "market conditions", but upon the strategies chosen by other players with possibly different or overlapping goals.

As with [[economics]], the results can be applied to simple games of entertainment or to more significant decisions about life and society.  An example of the latter is the [[prisoners dilemma]] as popularized by mathematician [[Albert W. Tucker]].