Advertisement
Published in:
2016 | OriginalPaper | Chapter
6. Game Theory
Authors : Suren Basov, Ishaq Bhatti
Published in: Islamic Finance in the Light of Modern Economic Theory
Publisher: Palgrave Macmillan UK
Activate our intelligent search to find suitable subject content or patents.
Select sections of text to find matching patents with Artificial Intelligence. powered by
Select sections of text to find additional relevant content using AI-assisted search. powered by
Abstract
In this chapter we will start by defining the concept of a game, before defining that of Nash equilibrium and evolutionary game theory.To describe a game in general one has to specify: the players, that is who is involved; the rules, that is who moves when, what they know when they move, what they can do; the outcomes, that is for each possible set of actions, what will happen and what the payoffs are.