This article serves as an introduction to a tutorial series on game theory, highlighting its relevance beyond economics. The author outlines common problems addressed by game theory and introduces essential terms and concepts. Game theory is applicable in various domains, offering insights into strategic interaction scenarios. Examples such as voting dynamics, competitive pricing, resource management, disaster recovery, and auction behavior illustrate its broad application. The article sets the stage for deeper exploration of game-theoretic principles and prepares the reader for subsequent chapters in the series.
Game theory provides a formal framework for analyzing strategic interactions and decisions that involve multiple agents, potentially leading to insights that challenge intuitive thinking.
The applications of game theory extend across various fields, providing valuable insights into decision-making processes that are not always intuitive, such as in economics, psychology, and beyond.
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