An information-theoretic thought experiment is developed to clarify why the maximum entropy methodology is appropriate … enables the use of maximum entropy to make predictions concerning the equilibrium state. Finally an illustration of this … predictive power is provided through an application to the Schelling model of segregation. -- Information entropy ; knapsack …

This book shows how to combine game theory and option pricing in order to analyze dynamic multiperson decision problems … latter can be addressed by game theory. The text shows how both instruments can be combined and how game theory can be … serving as a guide to stochastic game theory modelling in continuous time, the text contains numerous applications to the …