Özgür Özkök
Game theory is a branch of mathematics and economics that studies strategic interactions among rational decision-makers, analyzing how their choices affect outcomes in competitive situations.
Conway’s Game of Life, also known simply as the Game of Life, is a cellular automaton devised by the British mathematician John Horton Conway in 1970. It’s not a game in the traditional sense but rather a mathematical simulation that involves cellular automata. The Game of Life is a zero-player […]
The Gambler’s Dilemma is a classic example of a problem in game theory. It involves two players, each with the option to choose between two strategies: “bet” or “stay.” The players simultaneously select one of the two strategies, and the payouts are as follows: The dilemma for the players is […]
In agile development, game theory can be used to analyze the strategic decision-making of the stakeholders involved in a project, such as the development team, the product owner, and the management. One example of a game-theoretic model for agile development is the “agile game,” where the product owner, the development […]
Game theory is the study of strategic decision-making in situations where the outcome depends on the actions of multiple individuals or groups. In queuing in a supermarket, game theory can be used to analyze how customers decide when and where to join a queue and how store managers can design […]