Day 284 of 365

October 11

f(x)
Mathematics

Game Theory

Game theory analyzes strategic decisions where outcomes depend on others' choices. The prisoner's dilemma shows how rational individual choices can lead to suboptimal collective outcomes. Applications range from economics to evolution to nuclear deterrence.

💡 Did you know?

The mathematician John Nash, portrayed in 'A Beautiful Mind,' made foundational contributions to game theory!

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