Think Better · 45 sec
Game theory
A compact thinking tool for spotting patterns and avoiding mistakes.
The useful idea
- Strategic interactions
Game theory is the study of mathematical models of strategic interactions.
- Many applications
It has applications in many fields of social science, and is used extensively in economics, logic, systems science and computer science.
- Mixed strategies
Modern game theory began with the idea of mixed-strategy equilibria in two-person zero-sum games and its proof by John von Neumann.
Why this matters
Use Game theory as a quick check before trusting your first conclusion.
Try this
Use Game theory as a quick check before trusting your first conclusion.
Test your recall
Which idea belongs to the explanation of Game theory?
- Mixed strategies
- Many applications
- Strategic interactions — correct
Game theory is the study of mathematical models of strategic interactions.