The definition of Nash equilibrium lacks the ∀ s-i" of dominant strategy equilibrium. The Nash equilibrium strategy need only be a best response to the other Nash strategies not to all possible strategies. Although, we deal with best responses and the moves are actually simultaneous. Therefore the players are predicting each other moves. The Battle of Politics: In the battle [...]
Here is a term paper on the ‘Game Theory’ for class 9, 10, 11 and 12. Find paragraphs, long and short term papers on the ‘Game Theory’ especially written for school and college students. Term Paper on the Game Theory Term Paper Contents: Term Paper on the Introduction to Game Theory Term Paper on the Prisoner's Dilemma: A Dominant Strategy [...]
Game should be systematic and every game has certain rules. The action of the individual agents is the subject matter of game theory. The decision theory helps one person to arrive at particular decision. The decision theory may help to get the right decision under uncertainty. The general model of action seems to be the heart of game theory. For [...]