Non-cooperative games

canonical example of a game analyzed in game theory

mathematical representation of a situation in which each participant's gain or loss of utility is exactly balanced by the losses or gains of the utility of the other participants

model of conflict (games theory)

economic model in which companies compete on the amount of output they will produce, decided independently of each other and at the same time

spiteful attitude

thought experiment about a game involving a reliable predictor of the player’s actions

economic model where firms set prices exceeding their marginal cost and their customers choose quantities at those prices, so that each firm maximise their profits by undercutting competitors' prices

conflict between safety and cooperation

strategic game that has become a popular instrument of economic experiment

two-player coordination game in game theory

economic model

game theory case weighing own/others' sacrifice

game

experimental tool

type of video game involving individual competition

non-zero-sum game thought experiment

simple mathematical game

game

refinement of Nash equilibrium

problem in game theory

two-person constant-sum game in which the players are tasked to simultaneously distribute limited resources over several objects

misconception in economics about allocation of work

game-theoretic game where people guess a real number x (0≤x≤100); whoever guesses a number closest to ⅔ of the average guess wins; there is a unique pure strategy Nash equilibrium, which is guessing 0

game theory model of aggression

Experimental economics game

in game theory, an 'n-player. version of the "prisoner's dilemma"

system of conflict avoidance used in trench warfare in World War I

simultaneous game found in game theory

auction where every bidder pays regardless of whether they win the prize

procedure for envy-free cake-cutting between two partners

pursuit-evasion game played by two players in a region

class of strategies employed in a repeated non-cooperative game

game where the action that is mutually most beneficial is also dominant

extension of the prisoner's dilemma

in game theory, a refinement of the Nash equilibrium

combinatorial algorithm