Neural basis of game theory Essay Example | Topics and Well Written Essays - 500 words

Neural basis of game theory - Essay Example Various neurobiologists’ research employs the use of game theory to investigate the neural foundation of decision making; and proposes that the social characteristics of social decision making mirrors the purposes of the brain areas that responds to reward evaluation and reinforcement learning. The game theory appears as having evolutionary and growth stages that end up affecting the reasoning of different groups of people (Glimcher, 288). Game theory situation involves the process of decision making, where the results depend on the choice made by the players in question. The word game comes from any occurrence with negative or positive outcomes influenced by the choice made by the player; while sometimes the decision is based on chance (Glimcher, 290). The game theory evolved from different studies done by different researchers over a period of time. In 1921, a French mathematician named Emile Borel, issued numerous papers tackling the theory of games using poker as exhibition. Later in the year 1928 another paper by John Von Neumann was published. Subsequently, the year 1944, John Von Neumann and Oscar Morgenstern collaborated and discovered the theory of games and economic behavior. There appears a significant level of growth in the theory of games when, Prisoner’s dilemma comes into play in the year 1950, which introduced the dominant strategy theory. The 1953 marks the introduction of the answer to non cooperative games which comes in play as a result of evolution of Nash equilibrium. In the years 1970, the theory gains extensive application and biology with the growth of evolutionary game theory. The year 2007 marks its extensive use in almost field for decision making intentions; the software that tracks down terroris ts uses the theory of games (Glimcher, 305). The theory assumes that the player appears rational;