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IntroductionGame theory has existed for millennium millennia in some forms or the other;, ranging from historical events, such as Spain\'s\' rebellion on against Rome in 75 BCE (McCain, 2010), biological
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Game theory is a mathematical framework for modeling scenarios in which conflicts of interest exist among the players. It has existed since the early 20th century and has applications in economics, political science, psychology, and biology.
Individuals and institutions that engage in strategic interactions or decision-making scenarios relevant to game theory may be required to analyze or report on these interactions.
Filling out game theory involves identifying the players, strategies, payoffs, and outcomes in a given situation. It typically requires mathematical modeling and analysis techniques.
The purpose of game theory is to understand and predict the behavior of decision-makers in competitive and cooperative scenarios, enabling better strategic planning.
Information that must be reported includes the players involved, strategies available to each player, the payoffs associated with each strategy combination, and the equilibrium outcomes.
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