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What is Game Theory?

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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

Human-in-the-Loop

Human-in-the-loop refers to a collaborative approach where humans and AI systems work together to achieve optimal results. It involves combining human expertise, judgement, and…

Multimodal Learning

Multi-Modal learning refers to AI models that learn from multiple sources of data, such as text, images, and audio. By incorporating information from multiple…

Data Preprocessing

Data Preprocessing involves preparing and cleaning raw data before analysis. By removing noise, selecting relevant features, and addressing missing values, businesses can ensure data…

Incremental Learning

Incremental Learning is an AI technique that allows models to continuously learn from new data without retraining from scratch. Instead of training the model…
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