Fifth International Conference on Game Theory and Management, St Petersburg, Russia
Game theory is a branch of applied mathematics that is used in the social sciences, engineering, political science, international relations, computer science, social psychology, philosophy and management. As a field, it seeks to mathematically capture behaviour in strategic situations, or games, in which an individual's success in making choices depends on the choices of others.
Economists have long used game theory to analyze a wide array of economic phenomena, including auctions, bargaining, duopolies, fair division, oligopolies, social network formation, and voting systems and to model across such broad classifications as mathematical economics, behavioural economics and industrial organisation.
The games studied in game theory are well-defined mathematical objects. A game consists of a set of players, a set of moves (or strategies) available to those players, and a specification of payoffs for each combination of strategies. Most cooperative games are presented in the characteristic function form, while the extensive and the normal forms are used to define noncooperative games.For further information, please visit: http://www.gsom.pu.ru/en/gtm2011/(opens in new window)