Date of Award
6-1972
Degree Type
Master's Essay - Restricted
Degree Name
Master of Science (MS)
Department
Mathematical and Statistical Sciences
Abstract
The purpose of this essay is to make a comparison between decision theory and game theory, to point out their similarities and differences in the areas of basic definitions and functions, method, and subject matter. The similarities are due to the fact that the nature and purpose of the two subjects are basically the same. There are two fundamental differences that account for many of the differences in the three areas mentioned above. The most obvious of these two fundamental differences is the fact that in game theory there are two or more rational opponents, whereas in decision theory there is only one rational opponent. The other opponent, nature, obviously cannot think and will not be trying to gain as much as it can.
Recommended Citation
VonDemfange, Catherine, "A Comparison Between Game Theory and Decision Theory" (1972). Master's Essays (1922 - ). 2848.
https://epublications.marquette.edu/essays/2848
Comments
An essay submitted to the faculty of the Graduate School, Marquette University, in partial fulfillment of the requirement for the degree of Master of Science, Milwaukee, Wisconsin.