What Does Game Theory Mean?
Game theory is the study of using mathematical models to assess interactive systems. Many experts describe it as the analysis of interplay between independent rational decision-makers or actors. Game theory is useful in many different kinds of research, such as projects that take into account elements of human psychology.
Techopedia Explains Game Theory
Although game theory can be applied to the types of digital systems and constructs that we think of as games, game theory goes far beyond the analysis of creative play. One popular application is in economics, which is, above all things, a study of interactions between decision-making entities. Game theory has been an extremely popular way of researching macroeconomics and has also been the basis for many other fields of study in human-related areas. Game theory can also be used to assess natural systems, for instance, for the purposes of evaluating processes of natural selection for one or more species.
