What is Game Theory?

Skill Level:

Game Theory is a mathematical framework used to study and analyse strategic decision-making in situations involving multiple actors or players. It helps businesses understand and predict the behaviour of competitors, customers, and other stakeholders. Game Theory finds applications in areas like pricing strategies, auction design, and negotiation tactics.

Other Definitions

Multi-Modal learning refers to AI models that learn from multiple sources of data, such as text, images, and audio. By incorporating information from multiple…
Speech Recognition enables machines to understand and interpret spoken words. By applying natural language processing techniques and AI models, businesses can develop speech recognition…
Dimensionality Reduction is the process of reducing the number of variables or features in a dataset while retaining its essential information. By eliminating irrelevant…
Modular Neural Networks are AI models composed of smaller interconnected modules, each responsible for a specific sub-task or component. These modular architectures allow for…