Concepts2
📚TheoryIntermediate
Minimax Theorem
The Minimax Theorem states that in zero-sum two-player games with suitable convexity and compactness, the best guaranteed payoff for the maximizer equals the worst-case loss for the minimizer.
#minimax theorem#zero-sum games#saddle point+12
📚TheoryIntermediate
Game Theory
Game theory studies strategic decision-making among multiple players where each player’s payoff depends on everyone’s actions.
#game theory#nash equilibrium#mixed strategies+11