Game theory is used in a variety of real-life scenarios. For example, it's used in economics to understand and model the interactions between different market participants. It's also used in political science to model the behavior of voters, politicians, and governments. In biology, game theory is used to understand and predict the evolution of certain behaviors. In computer science, it's used in the design of algorithms and networks. In each of these fields, game theory helps to predict what individuals will do based on their incentives and the actions of others.
Have you ever had to dissect a complicated business scenario and were confused as to where to begin,...
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