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Game Theory

Game Theory is a mathematical discipline which helps you understand how others may respond to your decisions.

Why it matters:

The details:

  • The Complexity rises as the number of players rises. Hence, it becomes critical to identify and focus on dominant scenarios. If there are no dominant scenarios, then you can still find the Nash Equilibrium where all players choose the best possible strategy.
  • We often have to decide based on incomplete or imperfect information. In this situation, based on what you know create a Decision Tree to narrow down to a limited number of options.

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