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Understanding Game Theory: Game theory, a branch of mathematics and economics, delves into the analysis of strategic interactions among rational decision-makers. It provides a framework for understanding how individuals or entities make decisions when their choices depend on the actions of others. With its applications ranging from economics to political science, sociology, biology, and beyond, game theory has become an indispensable tool for analyzing competitive situations and predicting outcomes.

Challenges Faced by Students: Despite its significance, mastering game theory can be a daunting task for many students. The subject's complex concepts, including Nash equilibrium, dominant strategies, extensive form games, and cooperative games, often leave students perplexed. Moreover, applying these theories to real-world scenarios requires a deep understanding of the underlying principles, further adding to the challenge.

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