Prescriptive Analytics

Prescriptive analytics is the process of using data, models, and optimization techniques to generate specific recommendations or actions. It involves techniques such as decision analysis, simulation, and optimization.

The Prisoner’s Dilemma: An Example of Game Theory in Real Life

The Prisoner’s Dilemma is a classic example of game theory, which is a branch of mathematics that studies the strategic interactions between individuals or groups. In this article, we will explore the concept of the Prisoner’s Dilemma, how it applies to real-life situations, and its implications for decision-making. What is the Prisoner’s Dilemma? The Prisoner’s …