Game Theory Questions
The concept of non-cooperative game theory is a branch of game theory that focuses on analyzing strategic interactions among self-interested individuals or players who make decisions independently, without any form of communication, coordination, or cooperation. In non-cooperative games, each player aims to maximize their own utility or payoff, taking into account the actions and strategies of other players. This theory assumes that players act rationally and strategically, considering the potential outcomes and payoffs associated with different choices, and it provides mathematical models and frameworks to analyze and predict the behavior and outcomes of such games.