## How Does Game Theory Works? Definition And Its Types

A game theory framework describes what happens in social situations between competing players. Possibly, game theory is the science of strategy, or at least the art of making optimal decisions in strategic settings among independent and competing agents. To help you write the best assignment you can get Game Theory assignment help. The Working of Game Theory During the 1940s, John von Neumann and Oskar Morgenstern were the two most important pioneers of game theory. Nash is regarded as extending…