How do we negotiate when to sell a stock, whether to rat out a partner in crime, how to play a poker hand, or what to ask for when negotiating a job offer? In each of these situations, the actions of others will greatly affect our outcomes — and yet, we have no idea what they are thinking. These are the kinds of situations that game theory has helped mathematicians and economists parse for decades.
Thoroughly discuss Game Theory (10 or more sentences).
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