game theory
Game theory is a branch of mathematics and economics that studies strategic decision-making in situations where the outcome depends on the choices of multiple participants, commonly known as "players." It examines how players' decisions, strategies, and interactions affect the overall outcome and seeks to find optimal solutions to achieve the desired outcome.
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Related Concepts (16)
- bifurcations in economics and game theory
- cellular automata in game theory
- complex systems
- complexity
- complexity theory
- decision-making algorithms
- free rider problem
- initial conditions
- logical uncertainty
- mathematical modeling
- mathematics
- multi-agent systems
- nash equilibrium
- oligopoly
- tactical thinking
- unpredictability