To know more about Game Theory, please see the following links:
A Bit of History About Game Theory
The Game Theory owes its existence to popular mathematician John Von Neuman and economist Oskar Morgensten. In their classic “Theory of Games and Economic Behavior” they elaborated on this theory. The theory has contributed a lot towards defining nuclear strategies. It plays a significant role in studying Social Sciences, Evolutionary Theory, Political Science and Ethics. It is also being applied in Cybernetics.
The Game Theory
It can be deduced that the Game Theory is a theory where each decision maker has to himself or herself a course of action determining the outcome, which entail profit or loss expressed in terms of numerical payoffs . The players are aware of the game rules but are unacquainted with the opponent’s strategies. The theory involves probabilistic choices, the ultimate objective being the maximization of individual profit.
For more information you may browse through the following links:
An Introduction to Game Theory
Game Theory Law
John Nash Game Theory
Strategy Game Theory