What are the 4 strategies of game theory?
Game theory involves strategic decision-making where players anticipate the actions of others. The four key strategies are:
Dominant Strategy: A player's best action, regardless of opponents' actions.
Nash Equilibrium: A situation where no player benefits from changing their strategy if others keep theirs unchanged.
Mixed Strategy: Randomizing actions to keep opponents uncertain.
Minimax Strategy: Minimizing potential loss in worst-case scenarios.
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