Game theory is the statistics-based study of games that looks at both strategy and decision making to better understand social and technological systems. With this in mind, the focus is on analyzing social systems to better understand decision making and human behavior for the purposes of politics, economics, and business. It is largely a social science, but as applications in philosophy, computer science, and even the natural sciences.

Factoids tagged with "Game Theory"

Game Theory is the Study of Games Myth

Game theory involves games, but it isn’t the study of games. It is the study of mathematical models of conflict and cooperation regarding decision making.

Game Theory is the Science of Strategy Fact

Game theory is “the science of strategy,” a branch of mathematics that studies the strategy, rules, and statistics of decision making games and applies it to other fields.

Blog Posts tagged with "Game Theory"

Political Duopolies

We explain political duopolies by looking at the political duopoly in the United States of America and other historic duopolies.