http://economicsdetective.com/
Game theory is the study of human behaviour in strategic settings. It is used to solve some of the harder problems in economics.
So what is a game? To have a game, you need at least two players, sometimes called agents, or, if you want to be really crazy, people. And you need payoffs for the players, you need to define the outcomes they can potentially get depending on how the game unfolds. And finally, you need rules for the game.
Now, it's not always obvious how peopl
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