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What is a game theory?

Game theory is a concept in economics used by business managers to take intellect decisions regarding price and output. The model is used in economics, political science, psychology, and computer science field. Game theory model is used in computer science to launch new applications with new and modern concepts. The game types include cooperative/non-cooperative, symmetric/asymmetric, zero-sum/non-zero sum, simultaneous/sequential, combinatorial, infinite long games etc.

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