Game Theory And Behavior b

The importance of strategic behavior in the human and social world is increasingly recognized in theory and practice. As a result, game theory has emerged as a fundamental instrument in pure and applied research. It has greatly enhanced our understanding in decision making. The discipline of game theory studies decision making in an interactive environment. It draws on mathematics, statistics, operations research, engineering, biology, economics, political science and other subjects. In canonical form, the game takes place when an individual pursues an objective in a situation in which other individuals concurrently pursue other (possibly conflicting, possibly overlapping) objectives and at the same time the objectives cannot be reached by individual actions of one decision maker