Lecture on Game Theory
Subject: Economics | Topics:
Game theory is a field of Mathematics, analyzing strategically inter-dependent situations in which the outcome of your actions depends also on the actions of others. Game theory psychologists call the theory of social situations, which is an accurate description of what game theory is about. Although game theory is relevant to parlor games such as poker or bridge, most research in game theory focuses on how groups of people interact. There are two main branches of game theory: cooperative and non cooperative game theory.

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