Description: The ‘Fictitious Play’ is a concept within game theory, where players make strategic decisions in a competitive environment. In this context, each player seeks to maximize their reward through interaction with other players, meaning that one player’s decisions directly affect the rewards of others. This approach allows agents to learn not only from their own actions but also from the strategies adopted by their opponents. Key features of the fictitious play include adaptability, as players adjust their strategies based on the actions of others, and exploration, where agents must balance between trying new strategies and exploiting those they already know. The relevance of this concept lies in its ability to model complex situations where multiple agents interact, which is common in many real-world systems, from economics to biology. Through the fictitious play, agents can develop more robust and efficient strategies, making it a valuable tool in the fields of machine learning and artificial intelligence.
