What is A Strategy in fame theory?
A Strategy in game theory is a complete plan of action that describes what a player will do under all possible circumstances. In ordinary usage a strategy is considered to be something clever, but nothing like that is intended here.
What is The Two-Person, Zero-Sum Game with Equilibrium?
The term "zero-sum" (or equivalently, "constant sum") means the players have diametrically opposed interests. the term comes from parlor games like poker where there is a fixed amount of money around the table. If you want to win some money, others have to lose an equivalent amount. Two nations trading make up a non-zero-sum fame since both may simultaneously fain. An equilibrium point is a stable outcome of a game associated with a pair of strategies. It is considered stable because a player unilaterally picking a new strategy is hurt by the change.
What is The General, Two-person, Zero-Sum Game?
As a consequence of minimax theorem. the general, zero-su, two-person game has a good theoretical foundation. But, like the game of perfect information, it rarely exists in practice. The difficulty is the requirement that the game be zero-sum.
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