You are looking at 1-14 of 14 entries
altruism
Behavior of an individual that benefits others. To the extent that the “others” are related to the altruist (the one exhibiting altruistic behavior), such actions may actually be an expression of ...
bargaining theory
The branch of game theory that treats the rational strategies whereby agreements can be reached, for example on the price to be paid for a commodity.
coalition
A group of individuals or firms who have separate objectives, but combine to adopt strategies or advocate policies. A coalition government is one relying on the support of two or more political ...
game theory
This concerns making rational decisions under uncertain conditions. In geography, game theory is often used to overcome or outwit the environment. A. Dinar et al. (2008) apply game theory to ...
maximin
In decision theory and game theory, an alternative or strategy (2) that ensures the best of the worst possible payoffs, thereby maximizing the minimum possible payoff. Thus if there are three ...
minimax
A basic algorithm in artificial intelligence, in particular when constructing programs to play games such as chess. A tree of possible moves, alternating with possible opponent' moves, is constructed ...
minimax theorem
A fundamental result in game theory, establishing that every finite, strictly competitive (two-person zero-sum) game has what later came to be called a Nash equilibrium, provided that mixed ...
mixed-motive game
In game theory, any game in which the players' preferences among the outcomes are partly coincident and partly opposed, motivating the players both to cooperate and to compete, as in the Prisoner's ...
pay-off matrix
A matrix showing the pay-offs to each player in a two-player game. Usually the strategies available to the ‘row player’ are shown to the left of the matrix and the strategies available to the ‘column ...
positional good
A commodity (including goods, services, occupations, or other social relationships) that is either scarce in an absolute or socially imposed sense, or subject to crowding or congestion through more ...
positive sum game
A game, and by extension an economic relationship, where the net benefits to its participants can increase (cf. zero sum game).
prisoner's Dilemma
The best-known example from game theory, which illustrates how people behave in strategic situations. The Prisoner's Dilemma is based on some version of the following situation: two men have been ...
zero sum game Reference library
The Handbook of International Financial Terms
A situation where the winning participants can only gain at the expense of the others involved (cf. positive sum
