Game theory helps in understanding the thought process of the other player by providing a framework for predicting how players will interact based on their individual strategies and the information they have. It's about understanding the other player's potential moves and responses, and planning your own strategy accordingly. In the context of the 'Pick a Number' game mentioned in the content, both the number setter and the searcher are using game theory to try to outthink each other, each trying to predict the other's strategy.
Have you ever had to dissect a complicated business scenario and were confused as to where to begin,...
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