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

Adversarial machine learning involves studying and defending AI models against attacks or adversarial examples designed to deceive the system. By understanding vulnerabilities and deploying…
Time Series Analysis is an AI technique that analyses data points collected over time. This approach involves detecting trends, patterns, and seasonality in the…
Modular Neural Networks are AI models composed of smaller interconnected modules, each responsible for a specific sub-task or component. These modular architectures allow for…
Pattern Recognition is an AI technique that recognises patterns and structures in data. This approach involves identifying common features or characteristics and using these…