Game Theory: 2 Players choose between 0 and 1, if sum exceeds 1, utility for both is 0.
Zero-SUM Game: Mathematical representation of a situation in which each participant's gain or loss of utility is exactly balanced by the losses or gains of the utility of the other participants
Game Theory: 2 Players choose between 0 and 1, if sum exceeds 1, utility for both is 0.
Zero-SUM Game: Mathematical representation of a situation in which each participant's gain or loss of utility is exactly balanced by the losses or gains of the utility of the other participants
Game Theory is a ONE on ONE, ZERO SUM Game.
Meaning? We all lose no matter what?
Shall we play a game? Same premise of War Games. The only way to win is to not play. Or is it that that's the only way to not loose?