Game Theory

The game theory is said to have been introduced by Emile Borel in 1921. Borel is a French mathematician who published a paper on game theory. From this point of view, according to the article "game theory", Borel can be called "the first mathematician devising an organized game system" and evidence that Borel did not develop his idea any further there is. That's why most historians admire John von Neumann. Von Neumann was born in Budapest, Hungary in 1903.

When reading about encryption currency, game theory does not expect you to encounter. After all, is it really accompanied by "game" or "theory"? The theory of cryptographic currency game exists and you can see that it is indispensable for understanding. This is especially true if you are trying to analyze the security of these cryptographic currencies and to invest this in the best possible way. Since Satoshi Nakamoto established Bitcoin in 2008, the field of encryption currency continues to grow at a very fast pace. Within 10 and 10 years, there are 877 kinds of encryption currencies (as of June 15, 2017), each with its own distinctive features and value propositions. It is almost impossible for the degree of cryptographic economic development to catch up. In addition, many people inevitably question the safety and incentives of these coins to exchange millions of dollars worth of tokens a day.

In fact, this problem is closely related to game theory and optimization problems. Game theory is to study human conflict and cooperation under competitive circumstances. In several ways, game theory is a strategic science, or at least independent competitive participant's best decision in a strategic environment. The main pioneers of game theory are mathematicians John von Neumann and John Nash, and economist Oscar Morgenstern. Move by Nature is an interesting concept that means making decisions and actions in a wide range of players' games without strategic interest in the results. The effect is to add a "natural" player whose actual effect is to act as a random number generator. For example, if a dealer needs to select a license card in a poker game, the dealer plays the role of a natural player.