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Does Game Theory Work?
Nov.-Dec. 2012 (vol. 27 no. 6)
pp. 76-80
Michael Wooldridge, University of Oxford
Given the current level of international interest in game theory and its applications in AI and computer science, it seems worth pausing to consider whether game theory actually works. This article considers the evidence available in support of the two most common interpretations of game theory: the descriptive interpretation, which considers game theory as trying to predict actual behavior, and the normative interpretation, which considers game theory as providing advice on how to act optimally.
Index Terms:
Game theory,Artificial intelligence,Behavioral science,behavioral economics,game theory,effectiveness of game theory,descriptive game theory,normative game theory
Citation:
Michael Wooldridge, "Does Game Theory Work?," IEEE Intelligent Systems, vol. 27, no. 6, pp. 76-80, Nov.-Dec. 2012, doi:10.1109/MIS.2012.108
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