Stochastic Games

Stochastic games are strategic situations where multiple players interact over time, with outcomes influenced by their decisions and random events. Think of it like a complex game where each move matters, but there's also an element of chance, like rolling dice. The game evolves as players choose actions to maximize their chances of success, considering the uncertainty. These models help analyze situations like economic competition or military strategies, capturing the dynamic interplay of strategy and randomness over multiple stages.