Game Theory
A mathematical framework used to analyze strategic interactions where the outcomes depend on the actions of multiple decision-makers.
A mathematical framework used to analyze strategic interactions where the outcomes depend on the actions of multiple decision-makers.
The perception of a relationship between two variables when no such relationship exists.
A phenomenon where the winner of an auction tends to overpay due to emotional competition, leading to a less favorable outcome than anticipated.
Strengths, Weaknesses, Opportunities, and Threats (SWOT) is a strategic planning tool that is applied to a business or project.
A theoretical framework in economics that assumes individuals act rationally and seek to maximize utility, used to predict economic behavior and outcomes.
The tendency for people's perception to be affected by their recurring thoughts at the time.
A type of artificial intelligence that enables systems to learn from data and improve over time without being explicitly programmed.
Explainable AI (XAI) are AI systems that provide clear and understandable explanations for their decisions and actions.
The degree to which the operations and decisions of an AI system are understandable and explainable to users.