The basic concepts of game theory include participants, actions, information, strategies, interests, equilibrium and results. Players, strategies and interests are the most basic elements, and players, actions and results are collectively called rules of the game.
The application of game theory lies in the fact that The Art of War is the earliest classic game theory work in China and even in the world. In recent years, due to the popularity of game theory in the world, there have been many books collecting and sorting out game theory knowledge, such as Game Theory Tricks and The Most Magical Law of Game Theory.
China Jingwei think tank is one of the earliest folk think tanks to study the new game theory. The multi-legged stool law, unlimited quantity and crossbow game foundation led by Director Xuefeng Song have been cited in all aspects of social and economic development.
The combination of game theory and traditional consulting tools can help enterprises to open a new perspective to solve intractable diseases such as strategic positioning, equity distribution, equity financing, value shaping and business model.
Related extended concepts:
The group rationality emphasized by cooperative game is efficiency, fairness and justice.
The two basic conditions for the existence of cooperative games are:
1. For the alliance, the overall income is greater than the sum of the income when each member operates independently.
2. For the alliance, there should be Pareto improved distribution rules, that is, each member can get no less than the income when he does not join the alliance.