Its classic problems include the prisoner's dilemma, while its fundamental theorem deals with optimal mixed strategies and is known as the minimax theorem.
In this field, probability is used to determine ideal outcomes, which maximize utility in the system, with the knowledge that people are generally self-interested. Its classic problems include the prisoner's dilemma, while its fundamental theorem deals with optimal mixed strategies and is known as the minimax theorem. For 10 points—name this field of math and economics, pioneered by Oscar Morgenstern and John von Neumann.
In this field, probability is used to determine ideal outcomes, which maximize utility in the system, with the knowledge that people are generally self-interested.
{game theory}