Strategic Interactions: Game Theory Applications
2 Pages
1141 Words
Introduction Game theory is a mathematical framework used for analyzing strategic interactions among rational decision-makers. Originating in the mid-20th century, it provides tools to evaluate situations where the outcome for each participant depends on the actions of others. This interdependence makes game theory a vital tool in economics, political science, psychology, and even evolutionary biology. The theory's relevance is underscored...
Game Theory
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