Statistics News and Events
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Game Theory gears up for the Chaos of the Modern World
Game theory has long been used to apply mathematical models of conflict and cooperation between intelligent rational decision-makers. In a paper entitled ‘The evolutionary games of pressure (or interference), resistance and collaboration’, Professor Kolokoltsov, from Warwick’s Department of Statistics, has been able to take Game Theory far beyond some of its early applications of two opposing sides in zero sum games, and equipped it with the ability to model the impact of a vast array of individual actors - an “infinite state-space of small players”.
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