Game Model

A game model is a structured framework used to analyze strategic interactions between decision-makers, called players. It outlines the rules, possible actions, and outcomes of a situation, allowing economists, scientists, or analysts to predict how participants will behave. By understanding incentives and potential choices, a game model helps to explain or forecast decisions in competitive or cooperative scenarios, such as business competition, negotiations, or social interactions. Essentially, it’s a way to systematically study and understand strategic decision-making in situations where outcomes depend on the actions of multiple entities.