as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain what game theory is.
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game theory is a branch of mathematics that studies situations where two or more competing players attempt to maximize their own interests in a given situation. it is commonly used to study strategic decision-making in economics, politics, and business. game theory examines how players interact, how their decision-making can influence one another, and how best to make strategic decisions to maximize their gains and minimize their losses.
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