What is the history of game theory?

What is the history of game theory?

Game theory originated in the early 20th century, with key contributions from mathematicians like John von Neumann and Oskar Morgenstern.

Can you tell me more about John von Neumann's contributions?

Certainly! John von Neumann is often considered the father of game theory. His 1928 paper introduced the minimax theorem, which is fundamental to zero-sum games.

What are some real-world applications of game theory?

Game theory is applied in economics, political science, biology, and even computer science, influencing strategies in competitive situations.

How has game theory evolved since its inception?

Since its inception, game theory has expanded to include cooperative games, evolutionary game theory, and applications in various fields, adapting to complex scenarios.