Game Theory and Politics

Game theory is the study of strategic decision-making, where individuals or groups (players) choose actions to maximize their outcomes, considering the potential decisions of others. In politics, it helps explain how politicians, parties, and nations interact, negotiate, and compete. For instance, during elections, candidates strategize about policies and alliances, anticipating rivals' moves. Game theory sheds light on issues like cooperation, conflict, and bargaining, providing insights into electoral dynamics, international relations, and policy-making. Ultimately, it highlights how choices are influenced by the anticipation of others' actions in a competitive environment.