Game Theory

A branch of applied mathematics that is used in the social sciences, most notably in economics, as well as in biology, engineering, political science, international relations, computer science, and philosophy. Game theory attempts to mathematically capture behavior in strategic situations, in which an individual's success in making choices depends on the choices of others, a sort of "Win-Win" strategy. Game theory attempts to look at the relationships between participants in a particular model and predict their optimal decisions. This is also sometimes referred to as Gamification.