Game theory Quotes

“Linear programming”

“Operations research”

“Evolutionary game theory”

“Wikipedia: Game theory”

“Game theory is the study of individual decision-making in the face of competing boundedly rational actors.”

“Wiktionary: Game theory”

“"Interactive Decision Theory" would perhaps be a more descriptive name for the discipline usually called Game Theory”

“An equilibrium is not always an optimum; it might not even be good. This may be the most important discovery of game theory.”

“Game theory can be defined as the study of mathematical models of conflict and cooperation between intelligent rational decision-makers.”

“The cybernetics phase of cognitive science produced an amazing array of concrete results, in addition to its long-term (often underground) influence:”

“Chapter 2 describes the most demanding rational choice theory of all, game theory, which was developed by a genius and assumes that other people are geniuses.”

“The implication of game theory, which is also the implication of the third image, is, however, that the freedom of choice of any one state is limited by the actions of the others.”

“Game theory is about how people cooperate as much as how they compete... Game theory is about the emergence, transformation, diffusion and stabilization of forms of behavior.”

“Like all of mathematics, game theory is a tautology whose conclusions are true because they are contained in the premises.”

“A proven theorem of game theory states that every game with complete information possesses a saddle point and therefore a solution.”

“Game theory, however, deals only with the way in which ultrasmart, all knowing people should behave in competitive situations, and has little to say to Mr. X as he confronts the morass of his problem.”

“(Game theory is) essentially a structural theory. It uncovers the logical structure of a great variety of conflict situations and describes this structure in mathematical terms. Sometimes the logical structure of a conflict situation admits rational decisions; sometimes it does not.”

“By the end of the war the new game theoretic methods that had been developed by von Neumann and Morgenstern were added to the toolkit and mathematical techniques that operations research scientists deployed. These proved very valuable, and game theoretic approaches took on great importance after the war.”

“One should remember that mathematical logic itself or the study of mathematics as a formal system can be considered a branch of combinatorial analysis. Metamathematics introduces a class of games—"solitaires"—to be played with symbols according to formal rules. One sense of Gödel's theorem is that some properties of these games can be ascertained only by playing them.”

“Game theory brings to the chaos-theory table the idea that generally, societies are not designed, and that most situations don’t come with a rulebook. Instead, people have their own plans and designs on how things should fit together. They want to determine how the game is played, and they see societal designers as myopic busybodies who would imprison them with their theories.”