Algebraic Method of Game Theory | Operation Research | In Hindi | Game Theory Problem and Solution

Algebraic Method of Game Theory | Operation Research | In Hindi | Game Theory Problem and Solution | Game Theory in Hindi | Practical Questions | Numerical Questions

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The algebraic method in game theory is a way to solve games by equating functions and solving for parameters. This method can be used to find the best strategies for players and the value of the game.
How does the algebraic method work?
Equate two functions
Solve for the parameters
Obtain a single polynomial equation
Example
For example, you can use the algebraic method to solve the game of matching coins. In this game, two players put down a coin, and the player with the matching coin wins.
Other game theory methods
Linear algebra: Matrix computations can be used to solve game theory problems.
Evolutionary game theory: This method incorporates concepts from biology, such as natural selection and genetic evolution.
Matrix games: These are two-player zero-sum games with finite strategy sets.
Dominant strategy: This is a situation where one player has a significant advantage over another player.
Game theory is the study of mathematical models of strategic interactions. It's used in many fields of social science, including economics, logic, systems science, and computer science.


I hope this video will help you understand the concept of Algebraic Method of Game Game theory.
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