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

Deep Reinforcement Learning is a subset of Machine Learning that combines Deep Learning and Reinforcement Learning. It involves training AI models to make decisions…
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…
istributed Computing refers to the use of multiple computers or servers to perform computational tasks in a networked environment. It enables businesses to process…
Big Data refers to large, complex datasets that cannot be easily managed or analysed with traditional data processing methods. AI techniques, such as Machine…