The Theory of Two-Person Games
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The term game theory suggests a theory applicable only to parlor games, poker, and the like. While the theory may be applied to parlor games, its actual scope is much wider. The theory may be applied to economic strategies, as it has been in the case of the oligopolist, and in bilateral monopoly, political stategies, and military battle strategies. The theory may be used whenever two or more people or groups of people acting as one are competing against each other for well specified outcomes. The actions of one player influences his own outcome as well as the outcomes of the other players. Game theory deals with the individual decision making process under these circumstances. The games dealt with in this paper will be restricted to two-person games. In the two-person category are the subcategories non-cooperative, where no pre-play communication between the players, and the cooperative form where pre-play communication is allowed. Of these two forms the cooperative form is the more interesting and the more controversial.