Decision Sciences
8 years ago

Game Theory Breakthrough: Infinitely Repeated Games Solved, Revolutionizing Strategic Decision-Making

Communications and control engineering/Communications and control engineering series
Applications to Game Theory
Daizhan Cheng, Hongsheng Qi, Zhiqiang Li

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The article discusses how to solve complex games by finding the best strategies. By using a logical system and algebra, strategies with limited memory can be represented as matrices. This helps to find the best solutions to the game, even when the ideal solution doesn't exist. Different strategies can be compared to find the most optimal or close-to-optimal solution. The researchers suggest algorithms to achieve this.