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You walk down into your basement only to find that the carpeting on the floor is damp.Concerned,you look around for any large puddles of water or broken pipes,but find none.In fact,only the basement floor and carpeting is damp.Thinking about the properties of water,you realize that water must have wicked into the porous material,defying gravity.To which properties of water can this effect be attributed?
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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