Game theory is the study of strategic decision making between rational decision-makers called players. It is a mathematical approach to understanding strategic interactions in social sciences like economics and political science. Game theory seeks to identify optimal strategies for players in a game to maximize their own payoffs given the actions of other players.
Game theory is the study of strategic decision making between rational decision-makers called players. It is a mathematical approach to understanding strategic interactions in social sciences like economics and political science. Game theory seeks to identify optimal strategies for players in a game to maximize their own payoffs given the actions of other players.