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In the society, it is not always possible to opt for the option that results in the best benefits for an individual. In most cases, you end up opting for the alternative that benefits everyone involved, which sometimes ends up being a decision that is not optimal for anyone. This is due to game theory.
In addition to game theory, there are concepts such as Nash equilibrium and Pareto improvement, which affect the decisions that are made in a personal or business way.
For the decision-making of people and companies, these concepts are impossible to avoid.
In this video I explain in the simplest way!
Thank you very much.
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