Noncooperative game
Noncooperative game one of a class of decision processes in which decision makers (players) pursue their own interests, which are at least partly conflicting with others’. A conflicting situation or collision of interests results the situation in which a player has to make a decision and each possible one leads to a different outcome valued differently by all players. Depending on the number of decision makers involved in the process, the game may be two-person or multi-person, depending on how the outcome is viewed by the players, the process may be a zero-sum game (only two-person) or a nonzero-sum game (twoor multi-person). If the order in which the decisions are made is important, a game is dynamic, if not it is static. Dynamics of the game is usually related to the access of the decision makers to different information. Regarding the number of possible decisions available to the decision makers, a game is finite or infinite (in this case, the number of possible actions is usually a continuum). Dynamic games are usually formulated in extensive form, which for finite games leads to a finite tree structure, while for infinite ones, involves difference (in discrete-time) or differential (in continuous-time) equations describing an evolution of the underlying decision process.
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Author of the text: Ed. P.A. Laplante Boca Raton: CRC Press LLC, 2000
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