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What is Game Theory?

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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

Hyperparameters

Hyperparameters are parameters that are set before the training of an AI model. They control the behaviour and performance of the model, such as…

Federated Learning

Federated Learning is a privacy-preserving technique where AI models are trained across multiple decentralised devices or systems without sharing raw data. Instead, only aggregated…

Pattern Recognition

Pattern Recognition is an AI technique that recognises patterns and structures in data. This approach involves identifying common features or characteristics and using these…

Neuroevolution

Neuroevolution is a type of AI learning that combines neural networks and evolutionary algorithms. Neuroevolution algorithms evolve neural networks over generations, adapting them to…
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