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

Sentiment Analysis is an AI technique that analyses emotions and opinions expressed in text data. Sentiment analysis can classify text as positive, negative, or…
Humanoid Robots are advanced machines designed to resemble and interact with humans in a human-like manner. These robots are equipped with AI capabilities that…
An algorithm is a set of rules and instructions that guide AI systems in solving problems or making decisions. Algorithms process data, analyse patterns,…
Probabilistic Graphical Models is a type of statistical model used in Machine Learning and Artificial Intelligence. They represent complex relationships between variables through graphs…