Game theory
Game theory is the study of how people make decisions when the outcome depends on the actions of multiple individuals or parties, involving Deductive reasoning and Heuristic approaches to Predict outcomes. It provides a framework for analyzing strategic situations, where the outcome of one's actions depends on the actions of others. Game theory has applications in various fields, including Economics, Politics, and Biology, helping Researchers understand Natural cycles and Inequality. The theory involves the use of mathematical models, such as Euclidean space and Tangent spaces, to analyze situations and make informed decisions. Key concepts in game theory include Nash equilibrium, which describes a state where no individual can improve their outcome by unilaterally changing their strategy, assuming all other individuals keep their strategies unchanged.