Abstract
Every day, we make many decisions that impact those around us, and we in turn are impacted by decisions that others make. This reciprocal impact makes it challenging to analyze situations that involve more than one participant. In the mathematical field of game theory, such situations are called games. When I participate in a game, I must guess what the other participants will do, so that I can choose the best course of action to cope with their decisions. The other participants are aware that I am trying to guess what they plan to do, and they in turn will adapt their actions based on what they guess my moves will be. Can game theory recommend players how to play to “win” or otherwise achieve their goals? This article will explain concepts related to game theory and help answer this question.
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