In decision theory, which mathematical framework analyzes strategic interaction between rational decision-makers?
فیصلہ سازی کے نظریے میں عقلی فیصلہ کرنے والوں کے درمیان حکمتِ عملی پر مبنی باہمی عمل کا تجزیہ کرنے والے ریاضیاتی فریم ورک کو کیا کہتے ہیں؟
- Cost-Benefit Analysis
- Decision Tree Analysis
- Game Theory
- None of these
Explanation
- Game Theory is the mathematical framework used to analyze strategic interactions between rational decision-makers.
- It studies situations where the outcome of one person's decision depends on the decisions of others.
- It is widely used in economics, political science, business, and public policy.
- Key concepts include players, strategies, payoffs, and equilibrium.
Last verified on 08-08-2026
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