Game Theory

Author: Flavia Tămaş

Game Theory facilitates understanding situations involving interactions among decision-makers. Its application spans across multiple disciplines, outlining diverse situations and projecting the most likely outcomes. The applicability of the concepts in real life and the diversity of the problems I have discovered during this research determined me to choose this subject. This paper emphasizes key concepts such as Nash Equilibrium and the Prisoner’s Dilemma. I have come across, in the bibliography I have consulted, the practical significance of Game Theory, therefore I have created a like such problem (I formulated possible questions, as well as solutions related to this).