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Game theory and Self-enforcing agreement

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Game theory and Self-enforcing agreement

Game theory vs. Self-enforcing agreement

Game theory is "the study of mathematical models of conflict and cooperation between intelligent rational decision-makers". A self-enforcing agreement is an agreement or contract between two parties that is enforced only by those two parties; a third party cannot enforce or interfere with the agreement.

Similarities between Game theory and Self-enforcing agreement

Game theory and Self-enforcing agreement have 4 things in common (in Unionpedia): Contract, Cooperative game theory, Nash equilibrium, Non-cooperative game theory.

Contract

A contract is a promise or set of promises that are legally enforceable and, if violated, allow the injured party access to legal remedies.

Contract and Game theory · Contract and Self-enforcing agreement · See more »

Cooperative game theory

In game theory, a cooperative game (or coalitional game) is a game with competition between groups of players ("coalitions") due to the possibility of external enforcement of cooperative behavior (e.g. through contract law).

Cooperative game theory and Game theory · Cooperative game theory and Self-enforcing agreement · See more »

Nash equilibrium

In game theory, the Nash equilibrium, named after American mathematician John Forbes Nash Jr., is a solution concept of a non-cooperative game involving two or more players in which each player is assumed to know the equilibrium strategies of the other players, and no player has anything to gain by changing only their own strategy.

Game theory and Nash equilibrium · Nash equilibrium and Self-enforcing agreement · See more »

Non-cooperative game theory

In game theory, a non-cooperative game is a game with competition between individual players and in which only self-enforcing (e.g. through credible threats) alliances (or competition between groups of players, called "coalitions") are possible due to the absence of external means to enforce cooperative behavior (e.g. contract law), as opposed to cooperative games.

Game theory and Non-cooperative game theory · Non-cooperative game theory and Self-enforcing agreement · See more »

The list above answers the following questions

Game theory and Self-enforcing agreement Comparison

Game theory has 289 relations, while Self-enforcing agreement has 5. As they have in common 4, the Jaccard index is 1.36% = 4 / (289 + 5).

References

This article shows the relationship between Game theory and Self-enforcing agreement. To access each article from which the information was extracted, please visit:

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