Strategic form games

Strategic Form Games are a way to model situations where multiple decision-makers, called players, interact and make choices that affect each other’s outcomes. Each player has a set of strategies to choose from, and their payoff depends not only on their own choice but also on the choices of others. This can be represented in a matrix, where rows represent one player's strategies and columns represent another's. By analyzing this setup, players can determine the best strategies to maximize their individual payoffs, considering the possible decisions of others. It's widely used in economics, social sciences, and strategic planning.