What is Game Theory?
Game Theory is a field of study that focuses on strategy. We define a game as an interaction between two individuals, who we refer to as players, where the result depends on the actions of both participants. A simple example of this is Rock, Paper, Scissors (RPS). In RPS, whether you win or lose depends on your actions AND your opponents’ actions. Game Theory focuses on the strategies that players should use to maximize their payoffs. For example, in RPS, players should spread out their plays evenly between rock, paper, and scissors, to maximize their chance to win. If a player only plays rock, the opponent can always play paper and always win. RPS is a simple game with a fairly obvious optimal strategy. As games become more complex, the optimal strategies also become more complex.
Games
In this section, we will showcase some tutorials that will introduce the basics of Game Theory. This is a work in progress and more tutorials will be added as they are finished/discovered.
The Evolution of Trust
How do you interact with a new person? Can you trust them immediately or does the trust build over time? Learn how you can apply game theory to any relationship.
Prisoner’s Dilemma
You just got pinched by the fuzz, and you don’t know if you can trust your partner in crime. Is it better to deny your involvement or betray them frrom the outset.
Algebra Game
Polish up your algebra skills
in this fun quiz. Through word problems, see if you got the skills to back up your game theory chops.