Game theory | Definition, Facts, & Examples
www.britannica.com/science/game-theory
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They observed that economics is much like a game, wherein players anticipate each other’s moves, and therefore requires a new kind of mathematics, which they called game theory
John Nash, who established the mathematical principles of game theory, a branch of mathematics that examines the rivalries between competitors with mixed interests.
In stressing the strategic aspects of decision making, or aspects controlled by the players rather than by pure chance, the theory both supplements and goes beyond the classical theory of probability
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