The El Farol Bar and Game Theory
Game theory is easily one of the most interesting areas of mathematics. It deals with strategies and interactions among many different agents. What makes it so interesting is the wide variety of applications that have been discovered, like in social science and economics. Over time, a rich set of various “games” have been studied and described mathematically. Mathematicians work to find the ideal strategies for these games and apply them to economic and social situations. Humans are always interested in learning the best way to act in a given scenario, and game theory has the potential to provide insights into this!
0 Comments