Game theory is a mathematical analysis of a situation involving a conflict of interest, with the intent of indicating the optimal choices the will lead to the desired outcome. It is a general theory of strategic behavior, that serves as a guide for players. Game theory has been applied to main situations including economics and sociology. I was going to investigate mechanism design theory, which is a variant of game theory. It differs from game theory in that it assumes the rules of the game are not stable but can possibly vary.
Game theory takes the rules of the game as a given.
The method allows for potentially more maximum benefits to all players. With the time constraints of a semester project I am not able to look at this topic. It does seem like an interesting option in the field of decision making. Back to my Home Page Water Bodies of Possible Conflict Iguaca Falls on the Parana River , which forms the border between Brazil and Paraguay. The Nile River flows from Central Africa through the Sudan and Egypt.