| 21. | Pareto optimality is widely used in welfare economics and game theory.
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| 22. | Her recent work focuses on algorithmic game theory and simple auctions.
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| 23. | "Game theory, " he says, " is the wave of the future ."
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| 24. | However, in the 1990s Evolutionary game theory became fashionable in economics.
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| 25. | That assumption of " full rationality " is the problem with game theory.
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| 26. | Consequently, he is considered an early founder of modern game theory.
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| 27. | In game theory, Hex there is a winning strategy for white.
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| 28. | Schelling worked on dynamic models, early examples of evolutionary game theory.
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| 29. | Game theory studies equilibria ( such as the Nash equilibrium ).
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| 30. | His areas of research interests are game theory and industrial organization.
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