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Mathematician Oskar Morgenstern co-authored the book. Initially created as a mathematical model designed to have implications on economics especially in the context of markets such as oligopolies, game theory has been used to anticipate the actions of rational decision makers in biology, psychology, politics, and computer science. As a result, the concept is now an umbrella term that refers to the study of rational decision making. The Components of Game Theory. In the context of game theory, a game is the interaction of two or more players where their decisions affect each other, best bitcoin casino 2021.
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