GAME THEORY

Game theory is a way of decision making. More formally, it is "the study of mathematical models of conflict and cooperation between intelligent rational decision makers." An alternative term suggested "as a more descriptive name for the discipline" is interactive decision theory. It is generally cited in psychology. In addition to this, it is also used in logic and economy.

Game theory is firstly used as zero sum games. This means that if a person in a game wins, other person must lose. There must be both loser and winner in type of games. However, in today’s, game theory may include wide variety of behaviors. These behaviors may be related to humans or animals or computers. Also, there is a non-zero sum games. In this type of games, there must not be both loser and winner. When a person in the game is losing, he or she may create a new strategy for his or her next behaviors.