What is game theory?

Game Theory Questions



32 Short 40 Medium 47 Long Answer Questions Question Index

What is game theory?

Game theory is a branch of mathematics and economics that studies the strategic decision-making process in situations where the outcome of one's choices depends on the choices of others. It analyzes the behavior of individuals or groups in competitive or cooperative situations, known as games, to determine the optimal strategies and outcomes. Game theory is widely applied in various fields, including economics, political science, biology, and computer science.