Faculty Forum Focuses on Game Theory

Mathematics professor Mike Adams will discuss game theory, used in economics, biology, military conflict and even in games such as poker, in a faculty forum at 7 p.m. Oct. 6 in Magruder Hall 2001.

In applications of game theory, it is generally assumed that the players will gravitate towards playing some Nash equilibrium, a choice of strategies for all players with the property that no single player can improve their payoff by changing their strategy. Which Nash equilibrium is played becomes problematic when there is more than one; more so when different players have different preferences over the set of equilibria.

The forum is free and open to the public.