Game theory

High school (ages 12+)
Mathematics & Numbers

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/game-theory

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the mathematical foundation?Study of mathematical models of strategic interactions
2. What is the pioneering work?John von Neumann's contributions to two-person zero-sum games and mixed-strategy equilibria
3. Who started game theory?A mathematician named John von Neumann began it in the early 1900s with games where one person wins and the other loses.
4. What is a Nash equilibrium?It’s a situation where everyone has chosen a strategy that no one wants to change because it’s the best they can do.

Strategic Interaction: A situation where the outcome for each participant depends on the actions of all.
Zero-Sum Game: A game where the total payoffs to all players sum to zero; one player's gain is another's loss.
Nash Equilibrium: A state in a game where no player can improve their outcome by unilaterally changing their strategy.
Evolutionary Game Theory: The application of game theory to study the evolution of behavior and strategies in biological populations.