DECISION MAKING UNDER RISK

Аннотация

Decision-making under risk and variable-sum games are significant areas in game theory and decision-making processes. This topic explores the development of optimal strategies in environments characterized by uncertainty and risks. Unlike traditional fixed- sum games, variable-sum games consider scenarios where the total benefit to participants may vary depending on the game’s outcome. In these games, participants strive to maximize their own interests, but their decisions depend on the actions of other participants and external uncertainties. Decision-making under risk employs methods such as probability theory, statistical analysis, and scenario modeling. In such conditions, decision-makers must balance expected gains and potential losses based on uncertain information. In variable-sum games, cooperative and competitive strategies play a crucial role, with collaboration or competitionamongparticipants influencing thegame’s outcomes. Keywords:Risk, variable-sum games, decision-making, uncertainty, game theory, strategic decisions, cooperation, competition.