Game Theory: Beauty of it and its Applications

Saptarshi Chowdhury

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This article aims at giving a clear and lucid idea of Game Theory without going deeper into the various mathematical notations and representations. Here, the two primary branches of it, namely Non-Cooperative Game Theory and Cooperative Game Theory have been discussed in detail with appropriate examples corresponding to real-life situations. Overall, this article would not have been possible without the contributions of Professor John Forbes Nash Junior who dedicated his entire life to academics.