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

Word Embeddings are a technique in NLP that represent words as continuous vectors in a high-dimensional space. These vectors capture semantic and syntactic relationships…
Explainable Artificial Intelligence focuses on developing AI systems that can provide understandable explanations for their decisions and behaviours. Transparent and interpretable AI models are…
Facial Recognition is an AI technology that involves identifying and verifying individuals based on their facial characteristics. It analyses facial features such as the…
Feature Extraction refers to the process of identifying and selecting the most relevant features from raw data to enhance AI model performance. By extracting…