A Look Into Game Theory Essay

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The origins of Game Theory trace back to a letter written by Francis Waldegrave in 1713 which proposed a minimax mixed strategy solution to a two-person card game named le Her. In the following century Charles Darwin acted as one of the pioneers in broadening the realm of this theory into the biology of evolution as he applied the theoretic strategy in his argument of natural selection power to equalize the sex equilibrium ratio in nature. Game Theories initial applications were restricted to two person zero-sum games where the pay-off matrix was symmetric, or in other words that the sum of the payoffs to the two participants maintains a constant value. However, modern adaptations of game theory came into play after John von Neumann …show more content…
The origins of Game Theory trace back to a letter written by Francis Waldegrave in 1713 which proposed a minimax mixed strategy solution to a two-person card game named le Her. In the following century Charles Darwin acted as one of the pioneers in broadening the realm of this theory into the biology of evolution as he applied the theoretic strategy in his argument of natural selection power to equalize the sex equilibrium ratio in nature. Game Theories initial applications were restricted to two person zero-sum games where the pay-off matrix was symmetric, or in other words that the sum of the payoffs to the two participants maintains a constant value. However, modern adaptations of game theory came into play after John von Neumann proved the existence of mixed strategy equilibrium in two person zero sum games and later in cooperative games of multiple plays . Today the uses of Game Theory extend far beyond the realm of French card games and are applied in Economics, political science, biology, computer science, logic and philosophy just to name a few. Game theory, in essence can be applied any time strategic decisions are made that have an impact on the other participants. A more familiar—everyday, approach in which the strategies of Game Theory are purposely or more often subconsciously applied is in the realm of dating. Game Theory is applied regularly in dating, when we make decisions about how to approach someone we are attracted to, how we choose to dress on dates,

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