Game Theory
| Game theory is an applied mathematics method used to research human activities based on the specific decisions people make in response to certain acts. Game theory is used to study a wide variety of human behaviors, including economic behavior, political behavior, and even social behavior. Game theory is based on the idea that people are rational, and that they will make the best decision possible given the information they have. This means that people will take into account the costs and benefits of their actions before they make a decision. Game theory is a powerful tool that can be used to understand and predict human behavior. It is often used by businesses to make decisions about pricing, product development, and marketing. It can also be used by governments to make decisions about taxation, regulation, and social welfare programs. |
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