Game Theory
Further Mathematics S.S.S 3 Second Term
WEEK 3
Game Theory
Performance Objectives
Students should be able to:
- Explain importance of games theory in decision making
- Describe various types of games
- Represent games in matrix form
- Learn technique of finding strategies and values of two person zero sum games sing pure and mixed strategies
Content
Introduction to game theory
The theory of games (or game theory) deals with mathematical analysis of competitive problems and is based on the minimax principle put forward by John Von Neumann (1903-1957), the Hungarian-American mathematician, which implies that each competitor will act so as to minimise his maximise loss or maximise his minimum gain.
The theory of games does not describe how a game should be played. It describes.... View More
Subscribe now to gain full access to this lesson note
Take Me ThereClick here to gain access to the full notes.
- Chapters 4
- Category SSS3
- Author ClassNotes Edu
For Schools & Teachers
For Schools and Teacher who want to subscribe to all of the subjects, a class or term at a discounted price.
Order Now
Create Your Bundle
Need many subjects? Waste no time. Select many subjects together in one subscription at a discounted price.
Create Bundle