Game Theory Overview
Channel: Systems Innovation
Date: 31/05/2017

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This video gives an overview of game theory as part of our full course on the subject. In game theory, a game is any context within which adaptive agents interact and in so doing become interdependent. Interdependence means that the values associated with some property of one element become correlated with those of another. In this context, it means that the goal attainment of one agent becomes correlated with the others. The value or payoff to one agent in the interaction is associated with that of the others. This gives us a game, wherein agents have a value system, they can make choices and take actions that affect others and the outcome to those interactions will have a certain payoff for all the agents involved.

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