Game Theory: Strategy and Decision Mechanisms

Mehmet Polat
Iğdır University
https://orcid.org/0000-0002-6930-1499
Yusuf Akan
Atatürk University
https://orcid.org/0000-0002-2446-5043

Synopsis

Game theory is a discipline that examines the mathematical foundations of strategic thinking. This field provides analytical tools used to understand and model the decisions made by individuals or groups to maximize their interests. Although game theory was initially employed in social sciences such as economics and political science, it has found extensive applications over time in various domains including biology, computer science, engineering, and philosophy. This discipline is of critical importance, especially in topics such as competition, negotiation, alliance formation, and resource allocation. For instance, its contributions are significant in understanding market dynamics in economics, identifying evolutionary strategies in biology, determining international relations and war strategies in political science, and in algorithmic decision-making processes in computer science. This wide range of applications clearly demonstrates the theoretical depth and practical utility of game theory.

Derived from and expanded upon a doctoral thesis, this book aims to comprehensively address the fundamental concepts and applications of game theory. The complex mathematical foundations and various models of game theory have been simplified and enriched with examples to be easily understood by readers. The target audience of the book consists of academics, researchers, and students who are interested in game theory and wish to gain in-depth knowledge in this field. Our goal is to provide readers with a solid foundation to develop their strategic thinking skills and understand the underlying dynamics of complex interactions.

In today's world, decisions are rarely made in isolation. Typically, the actions of an individual or organization are influenced by the decisions of others, creating a complex network of interactions. Game theory provides powerful tools to analyze such situations and develop optimal strategies. It enables a deep understanding of the strategic interactions in the decision-making processes of individuals and communities. Therefore, we believe that the information and analyses presented in this book will not only offer readers a theoretical perspective but also help them develop strategic thinking skills in their daily lives and careers.

In conclusion, we wish success to our esteemed readers who will embark on the vast and fascinating journey into the world of game theory. We hope this book helps you explore the rich world of game theory and opens new horizons by enhancing your strategic thinking ability.

How to cite this book

Polat, M. & Akan, Y. (2024). Game Theory: Strategy and Decision Mechanisms. Özgür Publications. DOI: https://doi.org/10.58830/ozgur.pub461

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Published

August 10, 2024

ISBN

PDF
978-975-447-903-4

DOI