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Authors: SA Owolabi, OA Ogunsola
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Authors: SA Owolabi, OA Ogunsola
In the beginning, computers were merely standalone systems that could repeat basic computations in a fixed number of times. Later, computers were tailored to compute answers to problems. Algorithms understandable by computers were developed and the task of determining which worked better with respect to run-time and complexity was left to the computer scientists. Subsequently, game theory became prominent with applications, notably in economics. Game theory provides tools for analyzing situations, in which parties called players make decisions that are independent. The problem of computing with the solution concepts proposed by game theory raises important challenges for computer science, which test the boundaries of current algorithmic techniques. The Internet emerged as a result of people wanting to interact. Logically, game theorists tried to understand the growing market of the Internet. Also, computer scientists, with Internet applications, wished to create new designs and algorithms. This paper discusses game theory, its background and applications, with special focus on future considerations
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