GK SCIENTIST

General Knowledge One Stop Source
Menu
  • Home
  • Social Science
    • History
    • Political Science
    • Geography
  • Science
    • Physics
    • Chemistry
    • Biology
  • Chemistry Notes
  • Mathematics
  • Computer
  • Tutorial MySQL
  • Tutorial Python
  • Java Tutorial
  • English Grammar
  • English Essay
  • Indian Anthropology
  • Philosophy
  • Solved Paper
  • UPSC
  • Current Content
    • Current Affairs
    • RSTV News
    • Yojana and Kurukshetra Gist
  • Donate
  • Contact Us

If you are interested in advertising to our audience, submit the advertising enquiry form.

Advertising Enquiry
Political Science

Types of Game Theory

Gk Scientist July 22, 2021 No Comments
Tweet WhatsApp Telegram

Types of Game Theory:

There are several types of game theory. These are-

(1) Zero-sum two person games.

(2) Non-zero-sum two person games.

(3) Zero-sum n-person games.

(4) Non-zero-sum n-person games.

In the first type, there are only two players, with the result the gains of one are always equal to the loss of the other, the sum of outcomes for the two players being zero. This is thus, a game of pure opposition and of a strictly competitive nature. In it, there is no need for communication, discussion or bargaining and no joint gain or savings. The players or participants are opposed to each other.

In the second and third types, there are two or more persons in the game, the participants may share the division of the gains in some way, and the gain of the one need not be equal to the loss of the other. Such a game will require that the pay-off is divisible and some principle of distribution is applied.

In the fourth type of the game theory, there are three or more players, writes S.P. Verma. The game situation develops a large number of new features, and it becomes possible for two or more players to cooperate against the others by pooling their resources and making collective decisions during the play. They may act on the basis of some coalition adjustments, which may reduce the number of adversaries. Sometimes, a member of a coalition may even work out a deal with other participants of the game, and thus, make his chance of winning absolutely definite. A coalition, then, becomes, writes Martin Shubik, ‘a game-within-a-game, in which players exercises rules (apply resources) in order to enforce agreements and keep a less advantaged member from breaking away in response to higher bids from adversary players’. Thus, coalition within the coalition and coalitions of groups and individuals might further combine with other coalitions. This type of game, we find in forming majority governments in a democratic system.


Characteristics and Concepts of Game TheoryDisintegration of Delhi Sultanate
Social Condition Of Mauryan IndiaVijayanagar Society And Economy
Economic Condition Of Mauryan IndiaFactors Leading to the Rise of the Marathas
Decline Of The Mauryan EmpireEducational Development in India
Prev Article
Next Article

Related Articles

Concepts of Centralization and Decentralization
Centralization and Decentralization: Centralization and Decentralization are important concepts of …
Gk Scientist February 7, 2022 Political Science

Concepts of Centralization and Decentralization

Role of Domestic Factors in International Politics
Role of Domestic Factors in International Politics: In domestic politics …
Gk Scientist January 2, 2022 Political Science

Role of Domestic Factors in International Politics

World Public Opinion
World Public Opinion: World public opinion was considered to be …
Gk Scientist February 7, 2022 Political Science

World Public Opinion

Six Principles of Morgenthau Realist Theory
Morgenthau Realist Theory: Politics is Governed by Objective Laws: The …
Gk Scientist July 19, 2021 Political Science

Six Principles of Morgenthau Realist Theory

Political Realism and Political Idealism
Political Realism and Political Idealism: Realism and Idealism are the …
Gk Scientist July 24, 2021 Political Science

Political Realism and Political Idealism

Definition and Meaning of Administrative Law
Administrative Law: Wherever there is public administration, there must also …
Gk Scientist January 28, 2022 Political Science

Definition and Meaning of Administrative Law

Meaning and Nature of Nationalism
Meaning and Nature of Nationalism: In fact, if nationalism is …
Gk Scientist January 13, 2022 Political Science

Meaning and Nature of Nationalism

Merits and Demerits of Nationalism (Nationalism: Curse or Blessing)
Merits and Demerits of Nationalism: Is nationalism good or bad? …
Gk Scientist January 14, 2022 Political Science

Merits and Demerits of Nationalism (Nationalism: Curse or Blessing)

Leave a Reply Cancel Reply

Search

  • Popular
  • Recent




GK SCIENTIST

General Knowledge One Stop Source

Information

  • About Us
  • Terms and Condition, Disclaimer
  • Contact Us

Android Apps

  • IAS App For English Medium Students
  • IAS Basics App For English Medium Students
  • IAS Hindi App For Hindi Medium Students
DMCA.com Protection Status

Popular Tags

Biology (33) Biology Questions (88) Chemistry (57) Computer (215) Current Affairs (4) Current Content (0) Economy (12) English Essay (172) English Grammar (75) English Literature (10) Geography (83) History (259) Indian Anthropology (11) Indian Polity (14) JKAS Mains Question Papers (17) Mathematics (68) Moral Science (7) NCERT & Other Boards Books (25) Philosophy (114) Physics (89) Political Science (132) RS TV News (33) Science (553) Social Anthropology (7) Social Science (17) Solved Paper (47) UPSC (7) UPSC Mains Question Papers (26)

Downloads

  • NCERT Books
  • Old NCERT Books
  • NIOS Books For IAS, SSC, and State PSC Exam
  • Tamil Nadu Board Books: Important For UPSC, SSC, and State PSC Exam
  • Modern Indian and World History Notes For IAS Exam
  • UPSC Topper 2013 Gaurav Agrawal Notes For IAS Preparation
  • UPSC IAS Prelims General Studies – Previous Year Papers
  • UPSC Mains Question Papers

Copyright © 2023 GK SCIENTIST
Theme by MyThemeShop.com& Hosted On Cloudways

Ad Blocker Detected

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker.

Refresh