Game theory analyzes the ways in which two or more players choose strategies that jointly affect each other.

Question

Quizplus · Accepted Answer

Game theory is a branch of mathematics that studies decision-making between two or more rational players in situations where the outcome depends on the choices made by all players. It involves analyzing the strategies that each player could choose and the potential outcomes, including payoffs and penalties, that each player would face depending on the strategies selected by others.

Game Theory Analyzes the Ways in Which Two or More