Game theory

Abstract

Game Theory describes human interaction involving conflict, cooperation and competition, the term Interpersonal Decision Theory is synonymous. The term reflects the fact that most essential features of this field are manifested in parlor games. This topic-level treatment covers large parts of the basic concepts and methods and sketches some fields of recent applications. The simultaneous occurrence of strategic, stochastic and dynamic phenomena, the fundamental role of epistemic aspects like knowledge and information and the impact of institutional and organizational structures make game theoretic analysis a highly complex task