Ever sense the Ron Howard film, A Beautiful Mind, there has been a fascination with game theory by the general public. It has been used in business seminars, television shows, and even sales meetings — often incorrectly.
The math behind game theory has proven itself within machine learning algorithms and even to an extent for financial theory. However, game theory is a mathematical representation of human behavior. As such, it has failed to fully comprehend the illogical nature of real-life human decision making.
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