Game theory and the laws of Thailand
The evolution of game theory into the magic bullet of the real economic world A typical conclusion of game theory is the realization that a balance (equilibrium) results from the given situation, which is most useful for all participants (Nash Equilibrium). The strictly dominant strategy in game theory models is a strategy that offers the highest benefit among all possible strategies, regardless of what the other actors (players, agents) do. Effects on legal structures and decisions – rules of the game and playing with the rules in Thailand All decisions of the legislator are based on game-theoretic considerations or at least they should be. This applies for example to the […]
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