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## Prisoner's Dilemma

A Prisoner's Dilemma is a game that was developed by Merrill Flood in which two people, though better off if both cooperate, have an overriding incentive to defect.

## Zero-sum Game

A zero-sum game is a game where for one person to win, another must lose. Most sports such as football are zero-sum in this way. In contrast, a positive-sum game is a game, which both players can win.

## Minimax Theorem

A theorem proved by von Neumann that showed any two-person, zero-sum non-cooperative game had a solution.

## Budapest

Budapest is the capital of Hungary and the childhood home of von Neumann.

## Institute for Advanced Studies

An institute near Princeton developed so that top scholars could concentrate on research with each other without having to teach.

## Pure Strategy

A strategy is the set of moves that a player will make during the game. A pure strategy is a...

This section contains 371 words(approx. 1 page at 400 words per page) |