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

Natural Language Generation is an AI technique that converts structured data into human-like text. NLG systems use Machine Learning algorithms to understand the data…
Machine Vision refers to the use of AI and computer vision techniques to enable machines to perceive and understand visual information. It involves analysing…
Facial Recognition is an AI technology that involves identifying and verifying individuals based on their facial characteristics. It analyses facial features such as the…
A convolutional neural network is a powerful deep learning model designed for processing and analysing visual data. It excels in tasks such as image…