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An academic field of study about winning and losing that maps out an equilibrium of all possible outcomes of a given game. It's actually quite often exaggerated and misunderstood because people don't understand the relationship of the "story" (the prisoner's dilemma, hawk/dove war game) to the game theory itself, which often involves simple numbers such as +5, 0 -10. Despite the confusion, it's extremely useful when correctly applied. It has many applications in the study of evolution, crime prevention, commerce, and other practical uses.
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