Game Theory Guru-game theory analysis tool

Example

If you're trying to understand Nash Equilibrium, Game Theory Guru can break it down step-by-step, showing how a stable outcome is reached when no player has an incentive to deviate from their strategy.

Scenario

In a business negotiation where two companies are setting prices, Game Theory Guru could explain how each company's pricing decisions influence the other and identify where a Nash equilibrium exists, where neither company benefits from changing their price.

Example

You can request a simulation of the 'Chicken Game,' and Game Theory Guru will model the game, showing different possible outcomes depending on player choices.

Scenario

Imagine two political parties threatening to impose sanctions. Game Theory Guru can simulate various scenarios, showing how each party’s decisions might lead to different economic or political outcomes, and identify equilibria where both back down or escalate.

Example

For advanced users, Game Theory Guru can write and run Python code to calculate mixed-strategy equilibria or run Monte Carlo simulations for repeated games.

Scenario

A researcher studying auction designs could input specific bid strategies, and Game Theory Guru would help them simulate outcomes to verify optimal bidding strategies using Python, helping to refine their theoretical models.