Welcome to our in-depth exploration of Game Theory, a fascinating area of discrete mathematics focused on strategic interactions between rational decision-makers. 🧠✨
Game Theory can be applied in various fields such as economics, political science, and computer science, offering insights into competitive strategies where the outcome for each participant depends on the choices of others.
Core Concepts
- Nash Equilibrium: A situation where no player can benefit by unilaterally changing their strategy.
- Zero-Sum Games: Scenarios where one participant's gain is exactly balanced by the losses of others.
- Mixed Strategies: Implementing random choices among strategies to optimize outcomes.