Crypto Habit On

Game theory for beginners is a branch of mathematics and economics that studies the strategies and behavior of people (or agents) in conditions of competition and interaction. 

Basic concepts of game theory:

Players - are participants in the game, making decisions.

Strategy - is a set of possible actions of the player.

Winning - is the result for the player, depending on his and others' strategies.

A zero—sum game - if one wins, the other loses (sum = 0).

Non—zero game - winning or losing is possible for all players at the same time.

Nash equilibrium - is a situation in which no player can improve the result without changing the strategies of others.