Game theory is the study of strategic decision-making in situations where multiple individuals or parties have conflicting interests. It provides a framework for analyzing and predicting the outcomes of interactions between rational actors. Key Concepts: 1. *Strategic Thinking*: Anticipating and responding to the actions of others. 2. *Decision-Making*: Choosing the best course of action based on available information. 3. *Payoff*: The outcome or reward resulting from a decision. 4. *Equilibrium