Game theory deals with the question of how people, groups or institutions make decisions when their actions depend on the behavior of others. It is less about \u201eright\u201c or \u201ewrong\u201c and more about incentives, expectations and strategies - in other words, the internal logic of situations in which several actors act simultaneously.<\/p>\r\n
Originally developed in mathematics and economics, game theory is now much more than an abstract model. It helps to understand political decisions, explain economic dynamics and categorize social developments. Whenever players do not act in isolation but react to each other, a game theory structure is created.<\/p>","link":"https:\/\/www.markus-schall.de\/en\/day\/game-theory\/","name":"Game theory","slug":"game-theory","taxonomy":"post_tag","meta":[],"_links":{"self":[{"href":"https:\/\/www.markus-schall.de\/en\/wp-json\/wp\/v2\/tags\/478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.markus-schall.de\/en\/wp-json\/wp\/v2\/tags"}],"about":[{"href":"https:\/\/www.markus-schall.de\/en\/wp-json\/wp\/v2\/taxonomies\/post_tag"}],"wp:post_type":[{"href":"https:\/\/www.markus-schall.de\/en\/wp-json\/wp\/v2\/posts?tags=478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}