Strategic Interaction

Game Theory
Game Theory is a branch of mathematics and economics that studies strategic interactions where the outcomes depend on the actions of multiple agents, each aiming to maximize their own payoff.
Zero-Sum Game
A zero-sum game is an economic and strategic situation in which the sum of the gains and losses of all participants equals zero. In such scenarios, whatever one party gains is exactly balanced by the losses of the other parties.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.