Game theory plays a crucial role in our lives and provides startling insights into all endeavors in which humans cooperate or compete, including biology, computer science, politics, agriculture, and, most importantly, economics. Game theory is used in economics, corporate decision-making, international diplomacy and military strategy, psychology, and evolutionary biology. Game theory is observable in everyday situations like buying a car, or deciding where to go on a Saturday night. A basic working knowledge of game theory is valuable--it is a tool that sorts through information and offers insight into decisions facing players in games, and in life.
Résumé : "This will be a two-part handbook on Dynamic Game Theory and part of the Springer Reference program. Part I will be on the fundamentals and theory of dynamic games.
2.2.2, the finite duration optimal control problem with scalar state and control variables was considered. The differential equation in this problem is linear with respect to the state and the control. The initial value of the state ...