Editing Game Theory (section)

== <span style="color: #FFFFFF;">Remembering</span> ==
* '''Game Theory''' — The study of mathematical models of strategic interaction.
* '''Player''' — A decision-maker in a game.
* '''Strategy''' — A complete plan of action for a player in a game.
* '''Payoff''' — The reward or outcome a player receives at the end of a game.
* '''Nash Equilibrium''' — A state in which no player can improve their payoff by unilaterally changing their strategy.
* '''Zero-Sum Game''' — A situation in which one person's gain is exactly equal to another's loss.
* '''Prisoner's Dilemma''' — A standard example of a game that shows why two rational individuals might not cooperate, even if it appears in their best interest to do so.
* '''Dominant Strategy''' — A strategy that is better for a player regardless of what the other players do.
* '''Sequential Game''' — A game where players take turns (e.g., Chess).
* '''Simultaneous Game''' — A game where players make decisions at the same time (e.g., Rock-Paper-Scissors).
* '''Information Set''' — What a player knows about the state of the game and others' moves.
* '''Mixed Strategy''' — A strategy where a player chooses their action randomly based on certain probabilities.
* '''Evolutionary Stable Strategy (ESS)''' — A strategy that, if adopted by a population, cannot be invaded by a rare alternative strategy.
* '''Mechanism Design''' — "Reverse game theory": creating rules/incentives to achieve a desired outcome.
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