Game theory and translation

Game theory and translation Game theory proposes to study the behaviour of two or more people with conflicting inter­ ests , as in a competitive game. The theory was initially formulated by the Hungarian math­ ematician John von Neumann, and its most famous expression was in the work he co­ authored with Oskar Morgenstern, Theory of Games and Economic Behaviour (Morgen­ stern and von Neumann 1963). The simplest model is the two-person , zero-sum game with perfect information and optimal strategy. This is a game where there are two players , the game ends after a certain number of moves have been made, there is always a winner and a loser and there is one strategy that allows the player who makes the first move to win irres­ pective of the moves made by the other player. Formal game theory also operates on the assumption that players act rationally.