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Definitions:
Game Theory
A branch of mathematics and economics that studies strategic interactions among rational decision-makers.
Solitaire
A card game played by one person or a metaphor for any activity done alone without the need for other participants.
Oligopoly Behavior
Strategic actions by firms in a market where a few dominant firms interact, leading to solutions and outcomes that depend on the choices of the other market participants.
Prisoner's Dilemma
The Prisoner's Dilemma is a standard example of a game analyzed in game theory that shows why two completely rational individuals might not cooperate, even if it appears that it is in their best interest to do so.
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