GAME THEORY

₦ 5,000.00
i h

ABSTRACT

The goal in constructing models in operation research is to discover the best solution to problems that arise in daily life. However, the complexity of situations and the limitations of individual information processing abilities can also be used to characterize various aspects of human decision-making. The decision-makers find it challenging to specify and arrive at the best answer. Although, several models have been taken into account in our work, our focus is on interactive decision-making. Any combination of actions or outcomes from the separate decisions of numerous different decision-makers decide the outcome of such decision dilemmas. The twoperson zero-sum game is the most basic version of this game, and it can naturally be used to show how players communicate while making decisions. Each player tries to put or subtract the worth of their contribution to the game.

0.0 0
Write your own review Close
  • Only registered users can write reviews
*
*
  • Bad
  • Excellent
*
*
*
*
Only registered users can write reviews