Consider what you have learned about game theory and imagine you are explaining it’s relation to economics to someone who has never encountered the…

Consider what you have learned about game theory and imagine you are explaining it’s relation to economics to someone who has never encountered the theory and has little to no knowledge of economics. How would you explain it? What analogy can you come up with? Describe a scenario to help with your explanation and discuss how your response and your learning colleagues’ responses are similar or different.

This is the youtube link that goes with the DQ

 
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