Game theory is based on the idea that each participant makes decisions based on how she believes the competition will react.

Name: Game theory is based on the idea that each participant makes decisions based on how she believes the competition will react.
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Game theory is based on the premise that each participant makes rational decisions based on how they think their competitors will behave. This assumption is fundamental to the theory and is what distinguishes it from other theoretical frameworks.

Game Theory Is Based on the Idea That Each Participant