![Economics 101: Game Theory](https://i0.wp.com/sterlingterrell.net/wp-content/uploads/2016/12/1-25.jpg?fit=638%2C425&ssl=1)
[This is part of the series: The Complete Guide To Economics 101.]
What is game theory?
Game Theory is the study of optimal decision making between individuals and groups in competition with each other.
This allowed economics to move from a picture of static variables to a dynamic strategy of anticipation and reaction.
The most famous pioneer of this field was mathematician John Nash, with his Nash Equilibrium.