The Bitcoin Dilemma – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides


The Bitcoin Dilemma

The Center Cannot Hold: 11

Game theory is the science of multi-agent decision making. It uses mathematics to study the strategic interaction of rational decision makers. Game theory has social, logical, and computer science applications. It also has Bitcoin applications at the personal, social, business, and nation state levels.

Perfect vs Imperfect Information

Sequential games can be organized into two categories, those with perfect information (e.g., checkers) and those with imperfect information (e.g., bridge). A game of perfect information requires that all players know the strategies and payoffs available to the other players, but also know the actions or moves everyone previously made.

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