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Mathematics

Game Theory and the Mathematics of Strategic Decision-Making

Quick fact

In the famous Prisoner's Dilemma, two rational players who both choose their own best strategy end up with a worse outcome than if they had cooperated—a result that seems paradoxical but appears throughout economics, politics, and biology.

Why this is interesting

Have you ever made a decision that depended on what someone else might do—like choosing a route to avoid traffic or deciding whether to trust a friend? Game theory is the mathematics of exactly that kind of interdependence, and it can explain everything from board games to business rivalries.