Question: Explain what is meant by game theory using an example in which there is a dominant strategy. What would be the Nash equilibrium if any

Explain what is meant by game theory using an example in which there is a dominant strategy.

What would be the Nash equilibrium if any in your example?

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Game theory is a theoretical framework in which social situations among competing players is achieved optimal decisionmaking of independent and competing actors are produced in a strategic setting of ... View full answer

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