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Game theory

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Definition Edit

Game theory is a

branch of applied mathematics that models interactions among agents where an agent's choice and subsequent success depend on the choices of other agents that are simultaneously acting to maximize their own results or miminize their losses.[1]

Overview Edit

"Game theory can be used in the context of risk analysis to model strategic decisions and interactions of agents with conflicting interests to predict likely decision outcomes."[2]

References Edit

  1. DHS Risk Lexicon, at 17.
  2. Id.

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