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Operations Research, 2nd Edition by A. M. Natarajan

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8

Theory of Games

8.1 INTRODUCTION TO GAMES

Many a decision is taken in a competitive situation in which the outcome depends not on that decision alone but rather on the interaction between the decision-maker and that of a competitor. The term ‘games’ now includes not only pleasurable activities of this kind, but also much more earnest competitive situations of war and peace. It was not coincidental that the classic work on the theory of games was first published during the Second World War. Many competitive situations are still too complex for the theory in its present state of development to solve. Other methods of which war games are long-established examples and business games of more recent origins, have been used. The availability of computers ...

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