Game Theory is the study of strategic decision-making. It is a branch of mathematics that examines the ways in which two or more players interact with each other in a game or other strategic situation. It looks at how players make decisions in order to maximize their own benefit, and how those
Game theory is the study of mathematical models of strategic interactions. It has applications in many fields of social science, and is used extensively in economics, logic, systems science and computer science. Initially, game theory addressed two-person zero-sum games, in which a participant's gains or losses are exactly balanced by the losses and gains of the other participant. In the 1950s, it was extended to the study of non zero-sum games, and was eventually applied to a wide range of behavioral relations. It is now an umbrella term for the science of rational decision making in humans, animals, and computers.