Math for Everyone - Game Theory

[ FreeCourseWeb.com ] Math for Everyone: Game Theory



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English | 2024 | ISBN: 9798224997978 | 187 pages | True EPUB | 4.33 MB



Games have always been a part of man's life, but perhaps at the end of the previous millennium, we realized their importance mainly because of politics and economics.



When two large companies fight to win buyers, they establish a game. Obviously, the more buyers a company has, the greater its profit. So on a daily basis they use strategies to win buyers. A common example is "bidding" where they lower the prices of certain products for a while, looking to attract more buyers. But think about it, if a company uses this strategy, the other company can't just sit back and do nothing, so it will be forced to counteract the other company's move. In other words, a game is established between them.



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