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Game Theory - Coggle Diagram
Game Theory
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Contexts of Game Theory
Economics/Political Science: It provides insights into market behaviour, economic policies, and political decision making.
Biology: Game Theory is used to model evolutionary processes, such as the development of cooperative strategies in animal populations.
Logic and Computer Science: It has applications in logic puzzles, network design, and communication protocols like TCP routing.
Game Playing: Game Theory analyses and predicts outcomes in various games, from chess to poker, and has even been used to design AI game players.
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What is Game theory
The study of mathematical models that depict interactions between cooperative and conflicting intelligent and rational decision-makers is known as game theory. It offers a paradigm for comprehending strategic behaviour in multi-agent systems, in which each player's fate is influenced by both their own and other players' activities.
The Monty Hall problem
A well-known illustration of a "cognitive illusion," frequently used to highlight people's reluctance to change and incapacity to deal with uncertainty.
Large-scale