Proved More Than A Century Ago By The German Mathematician Ernst Zermelo.pdf

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Preview of proved more than a century ago by the German mathematician Ernst Zermelo
🔗 Source: cs.ox.ac.uk
📊 Size: 422 KB
👤 Author: Michael Wooldridge
⬇️ Downloads: 135

Summary

Game theory models strategic scenarios, with a key concern being understanding what constitutes a rational decision in such settings. Extensive form games capture situations where players make a series of decisions over time, with information about previous players' moves. Backward induction is a technique for analyzing finite extensive form games, working from the end of the game to the beginning to determine the outcome assuming rational action by players. This technique can be applied to games like chess and is known as Zermelo's algorithm. The article introduces extensive games of perfect information and shows how backward induction can be used to analyze such games, discussing apparent paradoxes that can arise from its use.

Description

Game theory models strategic scenarios, with a key concern being understanding what constitutes a rational decision in such settings.

Technical Information

  • File Format: PDF
  • File Size: 422 KB
  • Pages: 6
  • Language: EN
  • Author: Michael Wooldridge
  • Total Downloads: 135
  • Last Updated: 5 days ago

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