what is game theory?
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Game theory is the study of mathematical models of negotiation, conflict and cooperation between individuals, organizations and governments.
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Game theory is the study of mathematical models of negotiation, conflict and cooperation between individuals, organizations and governments.
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Game theory is the study of mathematical models of strategic interaction among rational decision-makers.It has applications in all fields of social science, as well as in logic, systems science and computer science. Originally, it addressed zero-sum games, in which each participant's gains or losses are exactly balanced by those of the other participants. In the 21st century, game theory applies to a wide range of behavioral relations, and is now an umbrella term for the science of logical decision making in humans, animals, and computers.
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