Von Neumann founded the field of game theory as a mathematical discipline. Von Neumann proved his minimax theorem in 1928. This theorem establishes that in zero-sum games with perfect information (i.e. in which players know at each time all moves that have taken place so far), there exists a pair of strategies for both players that allows each to minimize his maximum losses, hence the name minimax. When examining every possible strategy, a player must consider all the possible responses of his adversary. The player then plays out the strategy that will result in the minimization of his maximum loss. COUNT 4
QSN1 What year was game theory established? ANS1 1928 QSN2 What discipline is game theory derived from? ANS2 mathematical discipline. QSN3 what are the possible strategies in minimax theory? ANS3 a pair of strategies for both players that allows each to minimize his maximum losses QSN4 What must a player consider when determining every possible strategy? ANS4 all the possible responses of his adversary.