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Game theory is the study of mathematical models of strategic interactions among rational agents. It has applications in many fields of social science, used extensively in economics as well as in logic, systems science and computer science. Traditional game theory addressed two-person zero-sum games, in which a participant's gains or losses are exactly balanced by the losses and gains of the other participant. In the 21st century, game theory applies to a wider range of behavioral relations, and it is now an umbrella term for the science of rational decision making in humans, animals, as well as computers.
Social dynamics is the study of the behavior of groups and of the interactions of individual group members, aiming to understand the emergence of complex social behaviors among microorganisms, plants and animals, including humans. It is related to sociobiology but also draws from physics and complex system sciences. In the last century, sociodynamics was viewed as part of psychology, as shown in the work: "Sociodynamics: an integrative theorem of power, authority, interfluence and love". In the 1990s, social dynamics began being viewed as a separate scientific discipline[By whom?]. An important paper in this respect is: "The Laws of Sociodynamics". Then, starting in the 2000s, sociodynamics took off as a discipline of its own, many papers were released in the field in this decade.
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Evolutionary economics is a school of economic thought that is inspired by evolutionary biology. Although not defined by a strict set of principles and uniting various approaches, it treats economic development as a process rather than an equilibrium and emphasizes change, innovation, complex interdependencies, self-evolving systems, and limited rationality as the drivers of economic evolution. The support for the evolutionary approach to economics in recent decades seems to have initially emerged as a criticism of the mainstream neoclassical economics, but by the beginning of the 21st century it had become part of the economic mainstream itself.
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Culture change is a term used in public policy making that emphasizes the influence of cultural capital on individual and community behavior. It has been sometimes called repositioning of culture, which means the reconstruction of the cultural concept of a society. It places stress on the social and cultural capital determinants of decision making and the manner in which these interact with other factors like the availability of information or the financial incentives facing individuals to drive behavior.
Algorithmic game theory (AGT) is an area in the intersection of game theory and computer science, with the objective of understanding and design of algorithms in strategic environments.
Ehud Kalai is a prominent Israeli American game theorist and mathematical economist known for his contributions to the field of game theory and its interface with economics, social choice, computer science and operations research. He was the James J. O’Connor Distinguished Professor of Decision and Game Sciences at Northwestern University, 1975–2017, and currently is a Professor Emeritus of Managerial Economics and Decision Sciences.
Jean-François Mertens was a Belgian game theorist and mathematical economist.
Cultural group selection is an explanatory model within cultural evolution of how cultural traits evolve according to the competitive advantage they bestow upon a group. This multidisciplinary approach to the question of human culture engages research from the fields of anthropology, behavioural economics, evolutionary biology, evolutionary game theory, sociology, and psychology.
Mean-field game theory is the study of strategic decision making by small interacting agents in very large populations. It lies at the intersection of game theory with stochastic analysis and control theory. The use of the term "mean field" is inspired by mean-field theory in physics, which considers the behavior of systems of large numbers of particles where individual particles have negligible impacts upon the system. In other words, each agent acts according to his minimization or maximization problem taking into account other agents’ decisions and because their population is large we can assume the number of agents goes to infinity and a representative agent exists.
References
- ↑ MembersGame Theory Society Archived August 8, 2007, at the Wayback Machine
- ↑ Geoffroy De Clippel Roberto Serrano (2008). "Marginal Contributions and Externalities in the Value". Econometrica. 76 (6): 1413–1436. CiteSeerX 10.1.1.388.1120 . doi:10.3982/ECTA7224.
- ↑ Casajus, André; Huettner, Frank (2014). "Weakly monotonic solutions for cooperative games". Journal of Economic Theory. 154: 162–172. doi:10.1016/j.jet.2014.09.004.
- ↑ Nagarajan, Mahesh; Sošić, Greys (2008). "Game-theoretic analysis of cooperation among supply chain agents: Review and extensions". European Journal of Operational Research. 187 (3): 719–745. doi:10.1016/j.ejor.2006.05.045. ISSN 0377-2217.
