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Game theory is a study of situations of strategic interaction between two or more players in which there is a predefined set of rules and an outcome associated with each choice taken.
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votes
Why don't Burgers cost 5 cents?
Because it`s like Coca-cola, when MC is super low or almost nothing, but you are paying a lot for the brand, which gives you emotional satisfaction. Even if you were only aware of the choice of Cola r …