Game theory is a mathematical approach to studying decision making that can help explain and address social problems. It tends to focus, most often, on the choice between competition and cooperation. Since games often reflect or share characteristics with real situations -- especially competitive or cooperative situations - they can suggest strategies for dealing with such circumstances. Just as we may be able to understand the strategy of players in a particular game, we may also be able to predict how people, political factions, or states will behave in a given real situation.
In today’s episode we explore game theory for self-preservation, career advancement and the common good.
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