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Game theory

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What is Game Theory? #

Game Theory, branch of applied mathematics that provides tools for analyzing situations in which parties, called players, make decisions that are interdependent.

This interdependence causes each player to consider the other player’s possible decisions, or strategies, in formulating strategy. A solution to a game describes the optimal decisions of the players, who may have similar, opposed, or mixed interests, and the outcomes that may result from these decisions.

Source: https://www.britannica.com/science/game-theory

Where the Game Theory is applied #

Despite of the above definition, Game Theory is present everywhere around us in our daily life. For that reason it is important to be at least briefly familiar with the concept.

So much of the theory… This is literally mind blowing video that really is worth watching…

Enjoy 🙏

This game theory problem will change the way you see the world