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

Cognitive Robotics involves the integration of AI and robotics to create intelligent machines that can interact and collaborate with humans in a human-like manner….
The Internet of Things refers to a network of interconnected devices, sensors, and objects that can collect and exchange data. IoT Devices enable the…
Genetic Algorithms are optimisation techniques inspired by the principles of evolution. By mimicking natural selection, Genetic Algorithms explore a large search space and find…
Cybersecurity in Artificial Intelligence addresses the protection of AI systems from security threats and vulnerabilities. It involves implementing strategies and technologies to safeguard AI…