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Game Theory

Author: Julie Tietz
Video Transcript
Terms to Know
Gain

Movement closer to a desired goal in a game.

Game Theory

A theory which interprets human interactions as a set of strategies and actions intended to move individuals closer to attaining goals, in either a collaborative or competitive framework.

Loss

Movement away from a desired goal in a game.

Move

In game theory, an action taken with the intent of moving closer to a goal.

Player

A person participating in an interaction or process interpreted as a game.