Game Theory (MatPat)

Game theory is the study of strategic decision-making where multiple parties, or "players," make choices that affect each other's outcomes. It analyzes how individuals or groups act to maximize their benefits, given the potential actions of others. For example, in a game of chess or business competition, each move considers the possible responses of opponents. MatPat popularized game theory by exploring how people strategically navigate choices in real-life scenarios, often thinking several steps ahead, much like players in a game. Ultimately, it helps explain and predict behavior in competitive or cooperative situations.