An In-Depth Exploration of Game Theory: Understanding Strategic Decision-Making
Game theory is a branch of mathematics and economics that studies strategic interactions among rational decision-makers. It was pioneered by mathematicians John von Neumann and Oskar Morgenstern in their 1944 book “Theory of Games and Economic Behavior.” The field has since expanded, influencing various disciplines including economics, political science, psychology, and computer science. Importance in […]