what is game theory/how does it work?

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basically the title I’ve always wondered how it is economics

In: Economics

4 Answers

Anonymous 0 Comments

Game theory uses math to figure out the likely outcomes of two “rational” people interacting with each other.

If you have two fast food businesses; how might one try to gain an edge over the other; then once that first move is made what might the reaction be of the other

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