What is game theory?

July 3, 2017

An excerpt from an OUPblog article published on 31st May 2017, written by the Oxford Reference marketing team.

Oxford Reference

'Game theory is considered to be one of the most important theories not simply within the field of economics, but also mathematics, political science, biology, philosophy, and ecology, just to name a few. It has been developed over the many years since the term was first coined to what it is now: a theory used to “understand the strategic behaviour of decision makers who are aware that their decisions affect one another”...'

Discover more: Read the rest of the article on the OUPblog.  

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