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Game Theory

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Artificial Intelligence and Economic Theory: Skynet in the Market

Part of the book series: Advanced Information and Knowledge Processing ((AI&KP))

Abstract

Game theory has been used quite extensively in economics. In game theory agents with rules interact to obtain pay-off at some equilibrium point often called Nash equilibrium. The advent of artificial intelligence makes intelligent multi-agent games possible. This enriches the ability to simulate complex games. In this chapter, intelligent multi-agent system is applied to study the game of Lerpa.

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Author information

Authors and Affiliations

  1. Faculty of Engineering and the Built Environment​, University of Johannesburg, Auckland Park, South Africa

    Tshilidzi Marwala

  2. Department of Electrical and Electronic Engineering Science, Faculty of Engineering and the Built Environment​, University of Johannesburg, Auckland Park, South Africa

    Evan Hurwitz

Authors
  1. Tshilidzi Marwala
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  2. Evan Hurwitz
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Correspondence to Tshilidzi Marwala .

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Marwala, T., Hurwitz, E. (2017). Game Theory. In: Artificial Intelligence and Economic Theory: Skynet in the Market. Advanced Information and Knowledge Processing. Springer, Cham. https://doi.org/10.1007/978-3-319-66104-9_7

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  • DOI: https://doi.org/10.1007/978-3-319-66104-9_7

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-66103-2

  • Online ISBN: 978-3-319-66104-9

  • eBook Packages: Computer ScienceComputer Science (R0)

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