Cooperative game theory and its application in localization algorithms

Game theory is a field of applied mathematics for analyzing complex interactions among entities. It is basically a collection of analytic tools that enables distributed decision process. Game theory (GT) provides insights into any economic, political, or social situation that involves individuals with different preferences. GT is used in economics, political science and biology to model competition and cooperation among entities, and the role of threats/punishments in long term relations. Contemporary social science is based on game theory, economics, and psychology in which mathematical logic is applied. The formation of coalitions or alliances is omnipresent in many applications. For example, in political games, parties, or individuals can form coalitions for improving their voting power. Recently, computer science and engineering have been added to the list of scientific areas applying GT.