MLPro-GT-game theory and dynamic games modeling in Python

Abstract

Game theory, a fundamental aspect of mathematical economics and strategic decision-making, has been increasingly applied to various fields, including economics, biology, computer science, and engineering. Despite its growing importance, there is a significant lack of flexible and user-friendly tools for standardized modeling of them, particularly for real-world applications. Hence, we developed MLPro-GT as part of our open-source MLPro project, which offers modular and standardized yet flexible components, extensive documentation, and a variety of examples. MLPro-GT allows researchers and practitioners to easily incorporate game theory into their applications while lowering the entry barrier for students. This makes individual work more reproducible, shareable, and reusable.

Keywords

• Game theory
• Dynamic games
• Decision-making
• Nash equilibrium
• Python
• MLPro