The 'Pick a Number' tale illustrates the principles of game theory by demonstrating the concept of perfect information. In the tale, the number setter and the searcher both understand the strategy behind finding the perfect information. This reflects the game theory principle of players knowing each other's strategies, or 'I know what you are thinking, and you know what I am thinking.'
Have you ever had to dissect a complicated business scenario and were confused as to where to begin,...
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