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Game Theory: Normal Form Games

Game theory : Normal Form GamesMichael LevetJune 23, 20161 IntroductionGame theory is a mathematical field that studies how rational agents make decisions in both competitiveand cooperative situations. It has widespread applications in economics, political science, psychology, biology,computer science, and data science. Some of the applications include radio spectrum auctions, voting, andorgan donations. These notes introduce the basic strategic form game, also known as the Normal form ModelIn this section, we formally define the Normal form game. Let s begin with some intuition. A Normal formgame has a set of players. Each player has a set of strategies. These players each select a strategy and playtheir selections simultaneously.

Game Theory: Normal Form Games Michael Levet June 23, 2016 1 Introduction Game Theory is a mathematical eld that studies how rational agents make decisions in both competitive and cooperative situations. It has widespread applications in economics, political science, psychology, biology, computer science, and data science.

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