Game theory can be applied in various real-life scenarios such as in economics to understand and predict market behavior, in politics to analyze voting systems and power dynamics, in computer science for designing algorithms, in biology to understand evolution and animal behavior, and in social sciences to study human behavior and interactions. It's also used in military strategies and even in sports to analyze and predict outcomes.
Have you ever had to dissect a complicated business scenario and were confused as to where to begin,...
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