Here Prof. Dixit explains game theory and its impact on situations we encounter every day. "If Nash got a dollar for every time someone wrote or said 'Nash equilibrium,'" Dixit has said ...

Game theory, the study of strategic decision-making, has long been a tool for economists, mathematicians, and political scientists to analyse human behaviour in competitive scenarios.

Fact checked by Vikki Velasquez Reviewed by Michael J Boyle Game theory is the study of how and why players make decisions about their circumstances. Using game theory, real-world scenarios for such ...