An introduction to game theory seminar presentation
Game theory is a study of human behaviour. It deals with how an independent human can make decisions in a competitive environment using some strategy. The founder of game theory are John Von Neumann and John Nash and both of them were mathematicians.
To apply game theory, one should be aware of certain things such as every independent actors, their identity and what their preferences are, what does each independent actors know and which strategy will they be using and how the outcome of the game depending on the decision made.
Game theory is used in many applications such as politics, psychology, business and economics, war etc.