Alvin Eliot Roth is an American academic. He is the Craig and Susan McCaw professor of economics at Stanford University and the Gund professor of economics and business administration emeritus at Harvard University. He was President of the American Economic Association in 2017.
Alvin E. Roth in Stockholm 2012
Al Roth, Sydney Ideas lecture 2012
Nobel laureates of 2012 during the ceremony: Alvin E. Roth, Brian Kobilka, Robert J. Lefkowitz, David J. Wineland and Serge Haroche
Game theory is the study of mathematical models of strategic interactions among rational agents. It has applications in many fields of social science, used extensively in economics as well as in logic, systems science and computer science. Initially game theory addressed two-person zero-sum games, in which a participant's gains or losses are exactly balanced by the losses and gains of the other participant. In the 1950’s it was extended to the study of non zero-sum games and was eventually game applied to a wide range of behavioral relations, and is now an umbrella term for the science of rational decision making in humans, animals, as well as computers.
John Nash
Example of a Bayesian game