Game theory is a strategic decision-making process where individuals make rational decisions in situations involving conflict or cooperation with other individuals. It provides a mathematical framework for conceiving social situations and anticipating the outcomes of complex interactions among independent, self-interested agents. Some examples of where game theory applies include economics, political science, biology, and military strategy.
Game theory is a strategic decision-making process where individuals make rational decisions in situations involving conflict or cooperation with other individuals. It provides a mathematical framework for conceiving social situations and anticipating the outcomes of complex interactions among independent, self-interested agents. Some examples of where game theory applies include economics, political science, biology, and military strategy.
Game theory is a strategic decision-making process where individuals make rational decisions in situations involving conflict or cooperation with other individuals. It provides a mathematical framework for conceiving social situations and anticipating the outcomes of complex interactions among independent, self-interested agents. Some examples of where game theory applies include economics, political science, biology, and military strategy.