Game theory is the study of mathematical models of conflict and cooperation between intelligent rational decision makers Game theory is mainly used in economics political science and psychology as well as logic computer science and biology Wikipedia Economists call it game theory while the psychologists call it the theory of social situation However it's just a matter of how we see things Study in game theory is based on how social and rational groups or individuals make decisions to gain optimum value Game theory has two branches cooperative and non cooperative Non cooperative game theory helps in explaining and decision making in situations when competitive groups or individuals make decisions to achieve their own goals at any cost such competition is not healthy However people in general make decisions which help them achieve their individual motives and if such thoughts are promoted then this will affect the thinking of the coming generations and this world won't be a better place to live Game theory concepts apply wherever the actions and decisions of several agents are interdependent These agents maybe individuals groups or any combination of these
