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The theory applies to games involving two or more players

it has 3 basic components players, strategies and benefits.

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They are the actions that players perform in a game, strategy is at the heart of game theory.

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They are the actions of one player that influence the actions of the other players.

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It is described as the result of the strategy applied by the player. The rewards could be a wide range of things depending on the game.

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It is the strategy that has the best result, regardless of what the other player chooses.

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It consists of the fact that one player's loss is the other player's gain.

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They are those who study sequential games with perfect information.

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In game theory, normal form is a way of describing a game. Unlike extensive form, normal form representations are not graphs, but matrices.

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A particular solution to games, one marked by the fact that each player is doing the best he can given the strategies employed by all the other players.

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He died in 2015 and won a 1994 Nobel Prize in economics along with two others for their work in game theory.