Game Theory

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August 18, 2024 6 min read Dictionary
Nash Equilibrium
Game Theory Economics Nash Equilibrium Game Theory Strategy Decision-Making Prisoner's Dilemma
A concept in game theory where players reach an optimal decision-making state with no incentives to deviate from their strategies.
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August 18, 2024 5 min read Dictionary
Prisoner's Dilemma
Game Theory Decision Analysis Strategy Economics Cooperation Conflict Psychology
A paradox in decision analysis and a classic example of game theory that illustrates how individuals acting in self-interest can lead to suboptimal outcomes.
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August 18, 2024 6 min read Dictionary
Risk Neutral
Finance Game Theory Risk Management Investment Strategies Behavioral Finance Game Theory Concepts Decision-Making
A mindset in finance and game theory where individuals are indifferent to risk in investment decisions.
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August 18, 2024 6 min read Dictionary
Tit for Tat
Game Theory Economics Strategy Cooperation Game Theory Psychology Biology
Tit for Tat: The Strategy of Mimicking in Game Theory
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August 18, 2024 6 min read Dictionary
Zero-Sum Game
Game Theory Finance Zero-Sum Game Theory Financial Markets Options Futures
A situation in which one party's gain is another party's loss, leading to a net change of zero in wealth.
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