The concept of game theory lies on the idea of the model of rational actor beyond the restraining incarcerate in the traditional realist view of the complicated world where in the concern of an individual is less entirely with issue of conflict and as much with the issues arise from cooperation. The idea cooperation in game theory where individual with shared interest act together in attaining the common goals, also every player in game theory is rational decision maker (minimize losses and maximize gains) and intelligent. The cooperative actions of the players are the effects of the process of Continue reading...
