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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

One-Shot Learning

One-Shot learning is an AI approach that enables models to learn from only one or a few examples. This approach is advantageous in tasks…

Reinforcement Learning

Reinforcement Learning is a branch of AI that focuses on training agents to make decisions through trial and error in a specific environment. By…

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…

Clustering

Clustering in AI refers to the process of grouping similar data points together based on their inherent characteristics or attributes. By identifying patterns or…
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