# Describe a personal experience / a situation in which you have been in your life as a game

Describe a personal experience / a situation in which you have been in your life as a game. Include information about the players, the strategies and the payoffs. Include a table (normal form representation) or an extensive form representation. Choose a neutral and common experience

Describe a personal experience / a situation in which you have been in your life as a game
Describe a personal experience / a situation in which you have been in your life as a game. Include information about the players, the strategies and the payoffs. Include a table (normal form representation) or an extensive form representation. Choose a neutral and common experience
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Additionally, game theory, branch of applied mathematics that provides tools for analyzing situations in which parties, called players, make decisions that are interdependent. This interdependence causes each player to consider the other player’s possible decisions, or strategies, in formulating strategy.

Also a solution to a game describes the optimal decisions of the players, who may have similar, opposed, or mixed interests, and the outcomes that may result from these decisions.

Although game theory can be and has been used to analyze parlour games, its applications are much broader.

In fact, game theory was originally developed by the Hungarian-born American mathematician John von Neumann and his Princeton University colleague Oskar Morgenstern, a German-born American economist, to solve problems in economics.

In their book The Theory of Games and Economic Behavior (1944), von Neumann and Morgenstern asserted that the mathematics developed for the physical sciences, which describes the workings of a disinterested nature, was a poor model for economics.

More so, they observed that economics is much like a game, wherein players anticipate each other’s moves, and therefore requires a new kind of mathematics, which they called game theory.

(The name may be somewhat of a misnomer—game theory generally does not share the fun or frivolity associated with games.)

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