What is Game Theory? Description Game Theory is a special branch of mathematics which has been developed for studying decision-making in complexed circumstances. The idea to see business is usual in modern strategic thinking. The meaning of "Game" here is: a move by one player will result in moves by others. The idea historically dates back to the Talmud and Sun Tzu's writings. However, the contemporary codification is attributed to John von Neumann and Oskar …
showed first 75 words of 618 total

showed last 75 words of 618 total
…The one who remained silent, on the other hand, will receive the full punishment, since he did not help the police, and there is sufficient proof. If both betray, both will be punished, but less severely than if they had refused to talk. The dilemma resides in the fact that each prisoner has a choice between only two options. But they can not make a good decision, without knowing what the other person will do.