Game theory is the mathematical science that studies and analyzes the individual decisions of a subject in situations of conflict or strategic interaction with other rival subjects aimed at the maximum profit of each subject. In such situations, the decisions of one can influence the results achieved by the other(s), and vice versa, according to a feedback mechanism, by seeking competitive and/or cooperative solutions through models.
The theory of games has its distant origins in 1654 from a correspondence between Blaise Pascal and Pierre de Fermat, on the calculation of probabilities for gambling.
The expression game theory was first used by Émile Borel in the 1920s. Borel took care of the théorie des jeux, of zero-sum games with two players and tried to find a solution known as John von Neumann's concept of solving a zero-sum game.
The birth of modern...
