All of us are more or less familiar with the parlor games, such as Chess, Bridge and other card games, in which two or more players play (under certain specified rules) with opposing interests. In the real life also, there are conflict of interests between people or groups of people, such as political parties, governments, and businesses. Besides such problems of opposing interests, there are certain situations which require cooperation among the participating parties, for example, the coalition of two or more parties in running the government of a country. The game theory consists of ways of analyzing such situations.
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