Game Theory is the study of scientific strategy to make optimal and rational decisions between independent and competing factors. It concerns with the human conflict and cooperation that exist within a competitive situation. Mathematicians John von Neumann and John Nash were the key pioneers of game theory along with economist Oskar Morgenstern. This theory is mainly used in the fields of economics, psychology, political science, logic and computer science. Don’t let the term ‘game’ mislead you, even though it is applied to recreational games. It initially addressed the zero-sum games, where the gain of one person results in the loss of the other. The concept of ‘game’ implies an interactive situation in which independent participants share formal rules and consequences. The practical application of this theory demands knowledge of certain aspects, such as the identity of participants, their preferences, strategies they are allowed to follow, the influence of each decision on the outcome, etc. However, to prepare a well-written and top-scoring assignment, college students need to be experts in other complicated concepts relating to this topic. If you are the one who finds it difficult to submit even an average scoring academic paper on time, then seek Game theory assignment help from our team of Assignment Desk.
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