Game theory is the statistics-based study of games that looks at both strategy and decision making to better understand social and technological systems. With this in mind, the focus is on analyzing social systems to better understand decision making and human behavior for the purposes of politics, economics, and business. It is largely a social science, but as applications in philosophy, computer science, and even the natural sciences.
Factoids tagged with "Game Theory"
Blaise Pascal and Pierre de Fermat invented probability theory in 1654 to solve a gambling problem related to expected outcomes.
Identifying a problem is often harder than solving it. Solving a problem requires a proper diagnosis, and that requires asking the right questions.
Very few can make a living off of blackjack. To win in the long run you must count cards, watch tables, risk big money, and employ questionable betting strategies.
Most people have about 6 degrees of separation (small world theory), but not everyone has 6 degrees of separation from Kevin Bacon or any other given person.