Game theory, Definition, Facts, & Examples

Game theory, branch of applied mathematics that provides tools for analyzing situations in which parties, called players, make decisions that are interdependent. This interdependence causes each player to consider the other player’s possible decisions, or strategies, in formulating strategy.

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Game theory, Definition, Facts, & Examples

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Game theory, Definition, Facts, & Examples

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Game Theory

Game Theory Game theory is the study of how people interact and make decisions. This broad definition applies to most of the social sciences, but game. - ppt download